Western Kentucky University Awards Facilities Contract to Gilbane Development Company & Its Affiliates (April 2026)
Western Kentucky UniversityHigher Ed · Bowling Green, KY- Disclosed value
- Aggregate principal amount of financing not to exceed $400,000,000; Stipulated Sum and fees not stated
- From resolution
- Awarded
- Apr 24, 2026
The 30-second brief
Western Kentucky University’s Board of Regents awarded a comprehensive public-private partnership to Gilbane Development Company and its affiliates to operate, manage, and improve its student housing system, including construction of a new 1,000-bed housing and dining facility. The project will be financed through up to $400 million in revenue bonds with a term not to exceed forty years and is subject to state oversight approval.
Gilbane Development Company & Its Affiliates holds this facilities contract with Western Kentucky University.
Term as filed: Bonds term shall not exceed forty years; project duration tied to bond term and ground lease.
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Contract details
- Contract type
- Facilities
- Amount
- Aggregate principal amount of financing not to exceed $400,000,000; Stipulated Sum and fees not stated
- Document date
- April 24, 2026
- Term
- Bonds term shall not exceed forty years; project duration tied to bond term and ground lease
- Vendor
- Gilbane Development Company & Its Affiliates
- Source document
- Western Kentucky University Resolution Authorization for P3 Student Housing Transaction 2026-04-24 (Resolution)
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Questions about this contract
Who was awarded the facilities contract by Western Kentucky University?
Gilbane Development Company & Its Affiliates was awarded this facilities contract by Western Kentucky University, as recorded on April 24, 2026. The contract value is Aggregate principal amount of financing not to exceed $400,000,000; Stipulated Sum and fees not stated.
How much is the Gilbane Development Company & Its Affiliates contract with Western Kentucky University worth?
The Gilbane Development Company & Its Affiliates contract with Western Kentucky University is valued at Aggregate principal amount of financing not to exceed $400,000,000; Stipulated Sum and fees not stated, covering facilities work.
What type of contract is this?
This is a Facilities 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.
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