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University of IowaTuesday, November 10

University of Iowa drops its standalone cancer center and plans a $13 million research buildout instead

The Good Day Iowa City teamFrom today’s edition · 1 min read · 3 sources

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If you follow UI Health Care, the plan for a standalone cancer center is off. Two years after the Board of Regents gave the go-ahead, UI officials say the building isn't moving forward: “Because of projected budget constraints, the standalone building is not advancing at this time.”

Instead, the university is asking the Regents for permission to spend $13 million building out unfinished space on the sixth floor of the College of Pharmacy Building, which opened in 2020. About $9 million would come from interest on an endowment tied to the university's 2020 utility-system public-private partnership, and $4 million from Carver College of Medicine reserves. Construction is expected to begin in spring 2027 and finish in summer 2028.

Most of the $13 million buildout would come from endowment interest

Source: The Gazette

View as table
AmountShare
P3 endowment interest$9M69.2%
Carver College of Medicine reserves$4M30.8%
  • Space: flexible labs, shared support spaces, equipment and collaboration areas
  • Operating costs: $400,000 a year from UI general funds
  • Deferred maintenance: $172,000 a year

The cancer research space is expected to open after a 2027 start

  1. 2020The College of Pharmacy Building opens.
  2. 2024The Board of Regents gives the go-ahead for a new cancer research facility.
  3. Spring '27Construction on the sixth-floor buildout is anticipated to begin.
  4. Summer '28Construction is anticipated to wrap up.

Sources: The Gazette, KCRG, KCCI

Sources: KCCI, KCRG, The Gazette

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