The University of Kentucky Board of Trustees on Tuesday accepted a $150 million gift from The Bill Gatton Foundation to construct a new arts district, including a new College of Fine Arts building and a several-hundred seat theater.

The gift is the single largest in UK’s history.

“This gift will realize a vision to create an arts district on the western edge of our campus,” said UK President Eli Capilouto. “There, we can integrate art into an area of Lexington that is an increasingly vibrant and vital intersection of campus and city, town and gown.”

The gift will make possible:

• Relocation and construction of a new College of Fine Arts Building along South Broadway next to the newly constructed Gray Design Building.

• Construction of a several-hundred-seat theater that will house per

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