LEXINGTON, Ky. (AP) -- The University of Kentucky is poised to sign a contract providing it with tens of millions of dollars in new dining areas and other perks in return for hiring a company to handle its dining services.
The Lexington Herald-Leader (http://bit.ly/UrCFJv ) reports the proposed 15-year contract with Aramark would guarantee about $245 million in buildings, renovations and commissions to UK. The deal would lower dining prices for students.
Outsourcing UK's dining services came up when it became clear a private developer building dorms on campus would not build commensurate dining services. That led UK to search for a company big enough to take on new construction in return for its food business.
UK officials say all current dining employees will continue to be employed as long as they want to work for Aramark.