The University of Kentucky will seek proposals this summer to build a parking garage with retail stores on the ground level at the Jersey Street lot on the north end of campus.
The lot is between South Upper and Limestone streets, and is bordered by a Raising Cane’s restaurant on the south and Pine Street on the north. It has about 150 parking spots used by UK employees and surrounding retailers.
The request for proposals will seek a multi-level parking structure that would expand the parking capacity for the campus and the surrounding business community.
With an additional 1,100-plus residence hall beds opening this fall, UK will have almost 2,500 students living on the north end of campus.
UK has begun discussions with city officials about the potential project as well as with area businesses and neighborhood leaders, said Eric Monday, UK’s executive vice president for finance and administration.
“We need more parking,” Monday said. “We’ve also seen a lot of interest from various retailers to come into this marketplace; some large retailers whose names we would know. It would meet the need of the campus but also the local businesses.
“Over the last few weeks we’ve been talking to a lot of these local businesses in and around that area, and we’ve received tremendous, positive feedback,” Monday said.