2018-2024 CAPITAL PLAN
PROPOSED CAPITAL PROJECT.
FORM SYP-P2
PLAN VERSION - 1
4/17/2017
Branch: Executive Branch
Cabinet/Function: Cabinet for Postsecondary Education
Agency/Institution: KY State University
| Project Title | Construct Business & Technology Center |
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| Category | Construction - Other |
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| Biennium | 2018-2020 |
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| Priority | Agency | 2 Cabinet | Agency Bond |
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| Location (county) | Franklin |
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| Location (ADD) | Bluegrass ADD |
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| Appropriation Unit | 435U |
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Additional Funding? No
This project would construct a new building for the School of Business, the University's largest academic program, and one that will play a key role in the University's Strategic Plan. Proposed to be located on the Main Campus south of US60, adjacent to the proposed pedestrian bridge tower which will connect to Hathaway Hall, this facility will provide a highly visible, state-of-the-art home for the Business school that is currently housed in Bradford Hall. The project will permit the development of educational technologies not now available to the school and enable it to meet its mission of providing professional development classes to the entire Frankfort community. This initiative would be the first step in addressing the programmatic and structural issues related to Bradford Hall, current home of the School of Business. The VFA Condition Assessment and Space Study found Bradford Hall to be substandard space for the Business Program and suggested that both the Business School and the Music/Theater programs, also located in Bradford Hall, would be better served in new facilities. The School, with its new MBA program, hopes to grow 5% each year, but is in a competitive disadvantage at its present location.
| Fund Sources | Amount | Cost Elements | Amount |
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| General Fund | 41,796,000 | Land Acquisition | |
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| Restricted Funds | | Site Survey/Prep | 71,000 |
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| Federal Fund | | Project Design | 2,712,000 |
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| Road Fund | | Construction Cost | 32,274,000 |
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| Agency Bonds | | Mov. Equip/Furn. | 1,481,000 |
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| Other(Private - Cash) | | Contingency | 5,258,000 |
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| Other(LT Financing) | | Other(specify) | |
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| Other(Local Bonds) | | | |
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| Total | 41,796,000 | Total | 41,796,000 |
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Explanation of Project Budget
In-house estimate based on RS Means data.