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An Equal Opportunity University

President’s Presentation to the Board of Trustees. Retreat Follow-up Tuesday, Oct. 25, 2011. An Equal Opportunity University. What the Trustees said…. Improve and expand: Undergraduate experience Housing Academic facilities Research space. An Equal Opportunity University.

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An Equal Opportunity University

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  1. President’s Presentation to the Board of Trustees Retreat Follow-up Tuesday, Oct. 25, 2011 An Equal Opportunity University

  2. What the Trustees said… • Improve and expand: • Undergraduate experience • Housing • Academic facilities • Research space An Equal Opportunity University

  3. Since the retreat, we have… • Academic enhancement underway • Initiated preliminary financial planning • Developed an RFP for a housing partner • Created campus land capacity model • Continued to work on more detailed facility plans An Equal Opportunity University

  4. Academic Enhancement UK Honors Academy • Opportunity to join a select cohort of UK’s best students, with all majors participating • Generous merit scholarships • Dedicated academic advising • Interaction with faculty mentors and student peer mentors • Opportunity for research with world-class scholars/scientists/artists (capstone project) An Equal Opportunity University

  5. Preliminary Financial Planning • Other Considerations • Student Affordability • Debt Capacity • State Statutes and Regulations An Equal Opportunity University

  6. Initial Results • An aggressive building program is: • ACHIEVABLE • Dependent on multiple funding sources • Greater and more intentional philanthropy • Innovative partnerships • Smart growth of our student body • Continuing investments by the Commonwealth • Improve efficiencies An Equal Opportunity University

  7. Factors for Setting Capital Priorities • Impact on quality of undergraduate experience • Age and condition of facilities • Availability of funds from various sources • Impact on revenue generation • Program growth and entrepreneurship An Equal Opportunity University

  8. Building Program • Fall 2013 • Open new undergraduate residence hall 600 beds • Honors and innovative learning programs • Fall 2013 to Fall 2021 • Open new residence halls for up to a total of 9,000 modern beds • Academic, research and student support facilities - $400 to $500 million in total investment • Self-financed projects (UK HealthCare, Athletics, etc.) An Equal Opportunity University

  9. RFP Housing • The Housing “Request for Proposal” will… • Be issued tomorrow (October 26) • Identify private partner with financial strength and experience • Request Phase 1 Facility -Fall 2013 occupancy (600 beds) • Focus on modern student living and learning facilities An Equal Opportunity University

  10. Campus Land Capacity • Undergraduate Housing • 4 & 5 Story buildings • Dining Halls/Student Activity Centers included • Up to 9,000 Bed Count Goal • Multiple Phases of Projects Memorial Coliseum W.T. Young Library An Equal Opportunity University

  11. What’s next on facilities • Immediate steps • Conversation with stakeholders • Issue an RFP to evaluate public/private partnerships compared to University-financed projects • Further develop scenarios • Combination of funding sources • Sequencing of projects and investments • Partnership and financial strategies An Equal Opportunity University

  12. Other Priorities from the Board Retreat • Financial System of Accountability • Human capital • Diversity and Inclusion • Learning organization An Equal Opportunity University

  13. Key Dates • October 2011 Issue RFP for Housing • December 2011 BOT approve first housing project • January 2012 General Assembly convenes An Equal Opportunity University

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