Oct 15, 2012 12:47 PM
(AP) - The University of Kentucky Board of Trustees has approved plans by a private developer to build and operate five new residence halls on campus.
The Lexington Herald-Leader reports the five new buildings on four sites would go up after several older housing structures are demolished.
On Sunday the board unanimously approved the deal with Memphis-based Education Realty Trust, or EDR.
UK has a new $25 million dorm already under construction near the William T. Young Library. The privately-built dorms along with the one already being built would add 2,300 beds on campus.
Angie Martin, vice president of finance, says EDR can build a dorm faster and more cheaply than UK, which desperately needs student housing.
(Copyright 2012 The Associated Press. All rights reserved.)
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