IOWA CITY – The flood-damaged Hancher Auditorium and the School of Art building at the University of Iowa have been vacant since the 2008 flood, but likely won’t come down until late next year.
UI officials next week will seek state Board of Regents approval for the project descriptions and budgets to raze both facilities. The board meets Wednesday.
But substantial completion of the demolitions isn’t expected until November 2013 for the Art Building and December 2013 for the Hancher-Voxman-Clapp facility, according to UI officials.
The demolition costs of nearly $5 million for the Hancher complex and $1.5 million for the Art Building will be funded by a combination of flood recovery money from the Federal Emergency Management Agency and state or university flood recovery funds. Both facilities will be replaced with new buildings at different sites.
The original 1936 portion of the Art Building complex will be saved due to historical significance, with the remainder of the facility to be razed.
The Hancher project will demolish the entire complex, to clear the way for green space. Nearly all interior walls in Hancher contain asbestos, according to the regents meeting information, which will be removed as part of building-wide abatement.
Also next week, UI officials will seek regents approval to lease two downtown Iowa City apartment buildings to house returning students and transfer students.
The university wants to enter into lease agreements with Svoboda Rentals and property management entity Campusview Management for 112 E. Bloomington St., a three-story apartment building, and 427 N. Dubuque St., a four-story apartment building.
The Bloomington Street property would be leased for $322,560 annual rent plus $16,560 for 25 parking spaces, and the Dubuque Street property would be leased for $391,200 annual rent plus $28,320 for 43 parking spaces.
Both buildings are one block from three east-side UI residence halls, including Burge Hall, where university dining is available, officials said. The lease terms are August 2013 to July 31, 2015, with renewal options for one additional year.
The UI is experiencing record enrollment and doesn’t have sufficient space to house students in existing residence halls. A new residence hall is under construction on the west side of campus.