INDIANAPOLIS (WISH) – Indiana University-Purdue University Indianapolis will soon have a new residence hall after the Indiana University Board of Trustees approval on Friday.
The IU Trustees approved a request to proceed with the design and construction of a new 700-bed residence hall at IUPUI. School officials said a site near University Tower at 900 W. Michigan Street is being explored as a possible location for the new building.
Officials say IUPUI’s current housing is at capacity and more than 800 students are waitlisted.
“Each year we continue to attract highly qualified, first-time full-time students, and we are seeing a significant increase in the number of students who desire an on-campus living experience in Indianapolis’ downtown,” IUPUI Chancellor Charles R. Bantz said. “By creating a vibrant living and learning facility in the heart of campus yet near opportunities for internships, we will enhance student learning, promote student development and success, and support IUPUI’s educational mission and goals.”
The total cost of the project is estimated to be $45.2 million and will be funded through revenue bonds repaid by IUPUI Housing Operating Funds ($41.7 million) and Campus Funds designated for this project ($3.5 million).
IUPUI will now seek approval from the Indiana Commission for Higher Education and the State Budget Committee for the 700-bed project. If approved, the campus will proceed with design, with completion of the project estimated in summer 2016.