Investments in the Urban Metro Campus
Multiple Sources of FundingThe public and private sectors have come together to invest in the Urban/Metro Campus. To date, the community,college, and the Kentucky Community and Technical College System (KCTCS) have provided over $22 million in support toward the development and operation of the Urban/Metro campus. The college alone allocates nearly $2 million a year in operating funds, salaries and benefits for personnel in the Urban Center.
The Bank of Kentucky donated the first $1 million to the project. In response, the college named a Boone Campus building The Bank of Kentucky Classroom and Training Center. Among the many other investments in the Urban Campus include an anonymous $500,000 gift, $438,000 from Oakley and Eva Farris, $75,000 from Duke Energy and $125,000 from Dr. Anthony and Gerry Zembrodt.
Additional significant contributions have made scholarships possible for students in the area: The Gap Funding Memorial Scholarship ($250,000), The Butler Family Endowment ($100,000), The Sathe Family Endowment ($100,000) and Urban Learning Endowment ($100,000).
The Gateway Foundation has pledged to raise $5 million toward the development of the Urban/Metro Campus. The Foundation has already made significant contributions by helping to acquire and finance several buildings that will comprise the new campus. The Foundation currently owns the Center for Technology, Innovation and Enterprise building, Point property and former Immanuel United Methodist Church.