The University of Tennessee-Knoxville (UT) has extended its dining services contract with Aramark for an extra five years, to June 30, 2027, according to a report in the Knoxville News-Sentinel.
UT will receive 14 percent commission as well as a total of $15.25 million, made in increasing payments annually from 2017 to 2027, mostly to be used for food service renovations and dining in the new $177 million student union building, and in a $94 million residence hall now under construction. Aramark also agreed to pay the university an extra $350,000 over time until June 2027 as a financial commitment to renovations at convenience stores on campus.
Aramark first became UT’s dining services provider in 1997 and it won a 10-year renewal in 2007, later extended by 5 years and now for another 5 years.
The contract also calls a required $300 flex plan for full-time undergraduates not on a meal plan, which is new this semester.
Contact Mike Buzalka at [email protected]