The University of Indianapolis plans to spend $50 million over the next five years on major construction projects and additions to its educational programs, the private institution announced Friday morning.
The five-year plan, recently approved by UIndy’s board of trustees, flows from the strategic planning process initiated 18 months ago when Robert Manuel became UIndy’s president.
UIndy’s campus, located on the south side of Indianapolis at the intersection of Shelby and Hanna streets, enrolls about 5,400 students, including 1,200 graduate students.
UIndy did not disclose specific price tags for its building projects, but the bulk of the money will be spent on a 134,000-square-foot health sciences center, which will provide training space for UIndy’s nursing, physical therapy and other health care students, as well as function as a community health care facility.
Over the next two years, the UIndy will also renovate its Krannert Memorial Library, replace its Campus Apartments on Shelby Street with newer housing options and expand its science labs.
UIndy also plans to hire additional faculty for key programs and launch men’s and women’s lacrosse teams.
“The plan will enable us to focus on the kind of education that we believe is vital to our students and the world they live in,” Manuel said in a prepared statement. “An education in which they are engaged in their learning experiences, interact directly with faculty and learn to think critically, communicate well and contribute to their communities.”