LEXINGTON, Ky.—The University of Kentucky is poised to sign a sweeping contract to replace its in-house dining services with those of a multinational corporation that will provide the university with tens of millions of dollars in new dining areas and several perks.
The proposed 15-year contract with Aramark would guarantee about $245 million in buildings, renovations and commissions to UK while lowering current dining prices for students.
The UK Board of Trustees approved Tuesday the construction piece of the contract, which paves the way for university officials to sign the entire agreement.