Sale of campus completed
Seminary board soon to name new home
Lexington, Ky., June 28, 2013 – With the sale of the Lexington Theological Seminary campus at 631 S. Limestone to the University of Kentucky finalized today, the LTS Board of Trustees expects to name a new home for the Seminary in July.
The sale of the 63-year-old campus to neighboring UK was finalized today, and the Board narrowed down the Seminary’s next home to a handful of sites in Lexington. The Board is actively considering which site will best meet the mission and long-term goals of the Seminary, which has been undergoing an exciting transformation in how and where students are shaped for ministry and no longer needs residential space for students.
“We believe this is the next step in the transformation of the Seminary’s work and ministry,” said LTS President Charisse L. Gillett.
The purchase price of the S. Limestone campus was $13.5 million. The sale and stewardship of these resources “will provide for a sustainable business plan for the long-term future of the Seminary,” said LTS Board chairman Gary Kidwell.
The Seminary will relocate its administration offices by December. On-campus classes will move to the new facility after January 2014. The library will be relocated by August 2014.
Founded in 1865, LTS is the oldest seminary affiliated with the Christian Church (Disciples of Christ) and has been a part of the Lexington community since its early days at Bacon College. The Seminary moved to the current campus on Limestone in 1950. At the time, LTS was a residential Seminary.
Updates about the move will be available at www.lextheo.edu/transformation.