KENTUCKY STATE UNIVERSITY
Board of Regents
Remediation, cleaning and repairs to the building are expected to take between 2 to 4 months with the intent of having the building ready to occupy by July 1. Finance and Administration Cabinet staff handle design team selection, bidding and procurement, and contract administration for this project as the scope exceeds $40,000.
Goal 3—Increase the University’s Financial Strength and Operational Efficiency. The Land Grant Program is a foundational program for Kentucky State University and this project, along with the Atwood Building renovation project (currently underway) will provide sufficient operating space for the program for the foreseeable future.
Goal 1—Enhance Student Enrollment, Improve Student Life and Engagement, and Improve Student Advising and Career Development. Renovating The Halls will provide an additional 319 beds for students for the upcoming academic year. This will alleviate overcrowding and any need to provide temporary housing for students. It will also increase capacity for the University's summer program, providing excess summer capacity which will allow other residents to be taken off line for cleaning, and renovation and repair.
FISCAL IMPLICATIONS: The Hunter Hall renovation is funded completely with Federal Funds. There is no university match requirement. The total project budget is $1,900,000.
The Halls renovation is funded with university funds. It will be funded from the university's fund balance but will be repaid from auxiliary revenues. At full occupancy at current housing rates, The Halls will generate approximately $1,000,000 per year in housing revenues.