IU Health now says its new downtown hospital will be larger, costlier and take longer to complete than originally planned.
IU health is constructing a massive new campus in the area of 16th street and Capitol Avenue. The board of directors announced today that it is adding nearly 200 new beds --- for a total of 864 --- to help support the forecast increased demand in acute care. IU Health said that the COVID-19 pandemic has highlighted how deeply the state relies on IU health, as Indiana's largest hospital system.
IU Health says the project will now cost around $4.3 billion dollars up from the original $2.68 billion. That's due to rising construction costs and increasing the size of the hospital. IU Health says the new facility will help them save $50 million dollars a year in operating costs by eliminating doubling up on many of its services.
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