FINANCIAL_SERVICESAWARDED

Western Kentucky University Awards Financial Services Contract to Kentucky Bond Development Corporation (April 2026)

Western Kentucky University’s housing P3 will be financed through up to $400 million in industrial revenue bonds issued by the Kentucky Bond Development Corporation. The tax-exempt bonds, with a maximum forty-year term and capped interest cost, will fund new and renovated student housing facilities operated by CHF and Gilbane.

Status
AWARDED
Document date
April 24, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Kentucky Bond Development Corporation
Agency
Western Kentucky University · KY

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
One or more series of industrial revenue bonds not to exceed $400,000,000 in aggregate principal amount, net interest cost not to exceed 8.0% per annum
Contract type
FINANCIAL_SERVICES
Contract term
Bonds term shall not exceed forty years
Renewal
Financing documents, including trust indenture and loan agreement, govern the bond term of up to forty years; no renewal options are indicated.
Document type
Resolution
Source document
Western Kentucky University Resolution Authorization for P3 Student Housing Transaction 2026-04-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Western Kentucky University?

Kentucky Bond Development Corporation was awarded this financial services contract by Western Kentucky University, as recorded on April 24, 2026. The contract value is One or more series of industrial revenue bonds not to exceed $400,000,000 in aggregate principal amount, net interest cost not to exceed 8.0% per annum.

How much is the Kentucky Bond Development Corporation contract with Western Kentucky University worth?

The Kentucky Bond Development Corporation contract with Western Kentucky University is valued at One or more series of industrial revenue bonds not to exceed $400,000,000 in aggregate principal amount, net interest cost not to exceed 8.0% per annum, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Western Kentucky University Resolution Authorization for P3 Student Housing Transaction 2026-04-24 (Resolution), dated April 24, 2026 from Western Kentucky University. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Kentucky Bond Development Corporation hold?

Kentucky Bond Development Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Kentucky Bond Development Corporation's profile

What is Western Kentucky University currently buying?

Explore Western Kentucky University's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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