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Regents given rosy UI Children's Hospital budget, but records indicate project will run millions over approval

By The Gazette  
   September 12, 2018

Just two weeks after the new University of Iowa Stead Family Children’s Hospital welcomed its first patients in February 2017, then-Board of Regents President Bruce Rastetter asked for an update on the project’s budget. A day later, UI executives circulated a Children’s Hospital budget showing “projected final costs” running $9.5 million under the $360.2 million approved level — a favorable outlook forwarded to the board.

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