The original cost of the facility was put at $1.6 billion.
The increases come from three areas:
The 44-acre medical campus expansion would be located just south of the existing IU Health Methodist Hospital campus. It would extend from 16th Street to 12th Street and from Capitol Avenue west to Interstate 65.
At the completion of the new hospital at the end of 2027, Methodist Hospital would undergo a significant renovation. Operations of the two hospitals would be consolidated. The hospital said that should lead to a savings of $50 million a year in operating costs.
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