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University of Louisville·Kentucky

Housing Public-Private Partnership (P3)

Closes 8/28/2026$20M – $50MRequest for Proposal
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Description

The University of Louisville is seeking a qualified private‑sector partner to design, finance, construct, operate, and maintain up to 1,000 student‑housing beds on its Belknap Campus through a public‑private partnership (P3). This two‑stage RFP process focuses first on qualifications, experience, and high‑level approach (Stage 1); shortlisted firms will later submit detailed design, financial, and operational proposals (Stage 2). The university retains control over student‑housing policies while the partner assumes development risk and long‑term operational responsibility. No fixed budget is disclosed, but the project must preserve the university’s borrowing capacity and may involve ground‑lease or revenue‑share structures. • Scope: Up to 1,000 apartment‑style beds plus supportive student‑life spaces; full lifecycle responsibilities (planning, financing, design, construction, operations, maintenance). • Evaluation: Emphasis on P3 experience, financial capacity, market insight, and alignment with university objectives; Kentucky residency preference applies. • Timeline: RFP released 08 Apr 2026 → questions due 11 Aug 2026 → Stage 1 due 28 Aug 2026 → shortlist early Sep 2026 → Stage 2 due early Oct 2026 → contract targeted for Nov 2026.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Jamie Peck(Contract Specialist)

[email protected]

(502) 852-7211

Key dates

Opened
8/4/2026
Questions due
8/11/2026
Closes
8/28/2026

Last updated

Details

Type
Request for Proposal
Industry
Property Development
NAICS
236220
Solicitation №
1207774

Budget estimate

$20,000,000 – $50,000,000

No specific contract value is disclosed; however, a 1,000‑bed student housing P3 typically involves construction costs of $20‑$30 million, plus financing and long‑term operation fees that can bring total contract values into the $30‑$60 million range. Assuming the university’s goal is to preserve borrowing capacity, the partner’s fee structure could be a mix of construction cost plus revenue‑share, yielding an estimated budget between $20 million and $50 million over the project’s lifecycle. Factors influencing the range include site acquisition method (ground lease vs. purchase), chosen financing model, and the length of the operations/maintenance phase.

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