At the recent Indiana University Board of Trustees meeting, Vice President for Capital Planning and Facilities Thomas Morrison detailed IU's capital plan for the next 10 years. Some of the upcoming construction projects on IU Bloomington's campus are slated to begin as early as 2024. Since being approved unanimously by the board of trustees, the plan now goes to Indiana officials for potential further recommendations and funding consideration.
IU will also install a combined heat and power system at the central heating plant. The plant is expected to provide full backup electrical power to critical student residences and research facilities if a power blackout occurs. The STEM renovation project is estimated to cost $65 million.