updated: 8/11/2014 7:45:22 AM

IUPUI Approves $45 Million Project

InsideINdianaBusiness.com Report

IUPUI's board of trustees has approved moving forward with a $45 million residence hall. The school says construction on the 700-bed dorm would wrap up in 2016. The project still needs state approval.

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August 8, 2014

News Release

Indianapolis, Ind. -- The Indiana University Board of Trustees has approved a request to proceed with the design and construction of a new 700-bed residence hall at Indiana University-Purdue University Indianapolis.

A site in close proximity to University Tower -- IUPUI’s newest residence hall, with a state-of-the-art dining hall, at 900 W. Michigan St. -- is being explored as a possible location for the new residence hall.

Currently, more than 1,900 students reside on campus. Even with the addition of University Tower, which officially welcomed students on Aug. 17, 2013, and offered residential space to an additional 560 students, IUPUI’s current housing is at capacity. More than 800 students are waitlisted, compared to more than 200 before University Tower opened.

"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."

Over a year ago, IUPUI retained a consultant to conduct a marketing and demand analysis to assess the general needs of the campus. As part of the analysis, on-campus housing was closely examined using student focus groups, a student survey, housing trend patterns and enrollment figures for specific cohorts.

It was determined that IUPUI requires additional on-campus housing to meet the growing need of its student population. This recommendation is also consistent with IUPUI's master plan, which was approved by the board in 2011 and recommends the provision of more on-campus housing to attract, retain and engage students.

"Residential housing not only enriches the student experience, expands participation in campus life and helps instill a sense of campus pride and spirit, but also directly correlates to higher retention rates and grade-point averages," Vice Chancellor for Student Affairs Zebulun Davenport said. "Students are coming to IUPUI looking for an experience that will allow them to be competitive in the business world, and spaces like residence halls offer students the opportunity to engage in formal and informal networking opportunities, which increase their cognitive human relations skills and competencies."

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.

About Indiana University-Purdue University Indianapolis As one of seven Indiana University campuses, IUPUI is known as Indiana's premier urban research and health sciences campus and is dedicated to advancing the intellectual growth of the state of Indiana and its residents through research and creative activity, teaching, learning and civic engagement. Nationally ranked by U.S. News & World Report, Forbes and other notable publications, IUPUI has more than 30,000 students enrolled in 17 schools, which offer more than 250 degrees. IUPUI awards degrees from both Indiana and Purdue universities. IUPUI–What matters. Where it matters.
IUPUI News Center | 251 North Illinois Street, Suite 300 | Indianapolis, IN 46204

Source: IUPUI

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