| Capital Budget Record CBR-02 |
| Branch: | Executive Branch |
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| Cabinet: | Postsecondary Education |
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| Agency: | Postsecondary Education Institutions |
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| Appropriation: | Kentucky State University |
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| Project Title: | E2 Construct Retail Space/Hotel on E.Main & Douglas |
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| KBUD Project Number: | 435U14C246 |
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| Priority | Capital Budget Request | Six-Year Capital Plan 2014-16 |
| Cabinet: | | | |
| Agency: | 29 | 29 |
| PROJECT DOCUMENTATION |
| Location (County): | Franklin |
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| Location (ADD): | Bluegrass |
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| Reauthorization - Regular Capital Project: | Is this a currently authorized project which is being requested for reauthorization and/or |
| additional funding? | NO |
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| If (Yes, Additional Funding) , provide the following information: |
| eMars Project Number (Agency, Fund): |
| New Total Project Cost: $ |
| Related to Previously Authorized Project: | If the project is related to or a new phase of a project which was previously authorized |
| please identify the project and action under which it was authorized. |
| Capital Project Type: | New/Construction |
| Project Description |
| Additional Description/Justification |
| Site - The site for this project would be on the East corner of Douglas Avenue and East Main Street. The University hopes to work with the City to realign Douglas to meet Langford and to then develop this corner. Project would be primarily on the site now occupied by the KSU Motor Pool and additional property may be purchased as well. |
| Project Measurements - Project measurements are estimates at this time, project should include 75 bed hotel, 17,000 square feet of retail space, and a large surfacing parking area in the rear that could be used to support the retail area and could also provide needed parking for campus activities. |
| Prior Planning and/or Design - This project is part of the University's Master Plan Update. The University is also seeking architectural services to prepare a site development plan and conceptual building plans. |
| In addition to the economic activity that will be generated by this project, it will also provide real life applications for the University's business students. Efforts will be made to assure students get experience managing the retail shops and hotel. This project meets the criteria for improving student life. |
| Project Budget |
| The University expects to refine these cost estimates as planning on this project proceeds. |
| Existing Facility |
| Program Relocation |
| Phased Project |
| Universities Only: Type of Space | Housing and Dining |
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| Proposed Heat/Air conditioning Fuel Type | Natural Gas |
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| Previous Request(s): | Has this item been requested in a prior biennial budget request? | No |
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| If yes, identify the biennium/biennia; the project names(s); and the Cabinet/Agency. |
| PROJECT BUDGET |
| Has this project been reviewed by the Department for Facilities and Support Services? | No |
| Fund Source | Requested FY 2013-14 | Requested FY 2014-15 | Requested FY 2015-16 | Requested Total |
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| Other - Third Party Financing | 0 | 36,588,000 | 0 | 36,588,000 |
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| Total Funds | 0 | 36,588,000 | 0 | 36,588,000 |
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| Cost Elements |
| Land Acquisition | 0 | 69,000 | 0 | 69,000 |
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