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Indiana University Health said this week that its $4.3 billion downtown hospital complex, which will comprise 2.5 million square feet, is on budget and schedule as it approaches the halfway mark in its construction.

“We’re probably about 40% complete,” IU Health Vice President of Design and Construction James Mladucky told IBJ on Tuesday during a project update.

The Indianapolis-based academic hospital system broke ground on the project in March 2022 and expects the new facility to open in late 2027

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