LEXINGTON, Ky. (WKYT) – The University of Kentucky Board of Trustees began consideration of proposed investments in UK Athletics facilities on Thursday.
UK says that the proposed investments are designed to grow revenues in anticipation of a new era in which student athletes can receive compensation in addition to their scholarships and previous benefits.
The university says the facility investments are part of an internal capital loan, which will be repaid with interest from the university to UK Athletics. The initial investments include:
- $15 million for maintenance at Kroger Field Stadium.
- $13 million to renovate corner suites and elevators.
- $5 million to improve the soccer and softball facilities; UK Softball will host the SEC tournament in 2026.
- $8 million for initial design of a West End Zone Club space and Wi-fi improvements at Kroger Field.
- A Request For Information (RFI) to develop an Entertainment District on the UK campus, which could include concepts such as restaurants, hotels and other entertainment options.
- ยท An additional $31 million operating loan, also to be repaid with interest, as UK Athletics moves into its new operating and governance model and incurs additional new expenses.
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