The EKU Board of Regents will vote on a proposal to transfer the historic site, Cassius Marcellus Clay White Hall, from the Commonwealth of Kentucky to EKU.
The transfer would potentially bring more educational opportunities to students, but also bring risks that could impact the universities debt according to faculty regent, Richard Day in an email to faculty.
“The Madison County PVA placed a fair market value of $500,000 on the 13.64 acre parcel,” Day said. “After a two-year transition period, which the state will support in the amount of $100,000, White Hall will be expected to perform like any other university auxiliary and support itself.”
Day said that if White Hall is transferred to EKU, then it won’t compete with the maintenance budget for other academic buildings.