Case Study

NMTC Case Study for Lindsey Wilson College

January 15, 2021

Project

The Lindsey Wilson College (“LWC”) was founded in 1903 as Lindsey Wilson Training School, and today is a liberal arts college that is distinguished for being one of the best undergraduate teaching colleges in the nation. In fact, LWC is one of only 223 (or 6%) of U.S. colleges and universities that the Carnegie Foundation for the Advancement of Teaching has classified as a Baccalaureate-Liberal Arts College. Located in non-metropolitan Adair County, Kentucky, LWC serves the educational needs of students by providing a living-learning environment within an atmosphere of active caring and Christian concern.

Since 1999, LWC’s student body had grown by more than 1,000 students, the faculty capacity has more than doubled and the size of the A.P. White Campus has increased from 47 acres to more than 200 acres, creating the need for dramatic infrastructure transformations. Supporting this expansion, the NMTC investment serves over 2,600 students, of which 93% receive some kind of need-based financial aid.

Health & Wellness Center

The NMTC investment funded the 73,000 square foot Doris and Bob Holloway Health & Wellness Center, which serves the LWC community and the citizens of south-central Kentucky. The facility, which provides a plethora of fitness, recreational, and educational opportunities, includes an eight-lane swimming pool, two recreational courts, a multi-purpose area, an indoor track, cardio room, exercise studio, weight room, and one racquetball court.

Lindsey Wilson Sports Park

The Sports Park is located on 20+ acres within a mile of the LWC campus. The complex includes a 12,400-square-foot field house, a synthetic turf athletic field, an outdoor track, a baseball field and a softball field. As a benefit to community residents, the Sports Park provides the LWC coaching staff with a venue to host youth summer camps and sports clinics.

 

TOTAL PROJECT COST:

$19,981,409

 

NMTC ALLOCATION:

$15,945,000

 

FINANCING COMPLETE:

November 2009

 

PROJECT SPONSOR:

Lindsey Wilson College, Inc.

 

CDES:

WNC National Community
Development Advisors, LLC (WNC)

 

NMTC INVESTOR:

Fifth Third Community Development Corporation

 

LEVERAGED LENDER:

Lindsey Wilson College, Inc.

 

ADDRESS:

210 Lindsey Wilson Street Columbia, KY

 

CENSUS TRACT:

21001970400

 

COMMUNITY OUTCOMES:

85,400 Square Feet
118 Direct Jobs
2,617 Student Capacity

 

LOW-INCOME COMMUNITY:

Poverty Rate: 23.6%
Median Family Income: 78.2%
Unemployment: 14.8%
Non-Metropolitan County
ARC Distressed Area

 

NMTC Case Study for Lindsey Wilson College