Report: $12.7 billion needed over 15 years
Kentucky's public universities likely will have to spend billions to repair and upgrade their aging facilities, according to a study by the state's Council on Postsecondary Education.
The study estimates the cost could reach $12.7 billion or more over the next 15 years and is necessary in part because universities are trying to double the number of Kentuckians with bachelor's degrees and provide modern classrooms that incorporate technology and more hands-on, group learning.
Measured against comparable benchmark institutions across the country, Kentucky's public campuses were described as fair to poor.
This from the Courier-Journal.