Tuesday, November 20, 2012

Gateway Plans New $82M Urban Campus

Gateway Community and Technical College in Kentucky has released its plans for a new Urban Campus in downtown Covington, a project estimated to cost $81.5 million over the next decade. Already being called a "game-changer", the prospect of thousands of students, plus teachers and staff, flooding downtown streets makes the Gateway urban campus the city's most important development project since Corporex Cos. developed the RiverCenter office complex in the early 1990s.

"Today's announcement has been 10 years in the making. It is the culmination of many hours of collaboration, negotiation, discussion, and visioning by dozens and dozens of community leaders, government officials, concerned citizens, Gateway's board of directors, faculty, staff and students, the Gateway Foundation board, and our planning consultants,” said Gateway President and CEO Ed Hughes. "We were encouraged early by the community to think big."

It's expected that the new campus, which will be created primarily in a six-block area from 4th to 7th Streets and from Greenup to Madison Avenue in Covington, will serve an additional 2,500 urban students per year by 2014.

"The increase in students, faculty and staff will boost the local economy with more jobs, retail and restaurants. It will invigorate Covington's Madison Avenue corridor and restore it to the vibrant district it once was," said Covington Mayor Chuck Scheper.

For more news and information visit Blumberg Capital Partners.

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