Innovation
Collaboration A new P3 project at the University of Kentucky creates connections through the campus, the community, and beyond. By Mike Martindill and Lance Broeking E WROTE in 2019 about plans for a major public-private partnership (P3) between
the University of Kentucky and developer Signet to create a new state-of-the-art, mixed-use development on the university’s campus in Lexington, Ky. The goal of the project was to create a vibrant and active destination for students while adding 900 new parking spaces to support the growing university. The project came on the heels of, and was inspired by, the recent successful completion of a $500 million, on-campus P3 project, which is still the largest on-campus housing development project at a public university in the U.S. It was so successful that the university sought a similar (although smaller) arrangement for the development of a new mixed-use facility.
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