Corridor Business Journal: The University of Iowa Hospitals & Clinics will receive a sizable budget increase for their new North Liberty hospital, totaling $525,628,000 – a 33% increase from previously released budgets. Citing “multiple convergent industry challenges” like construction market inflation, limited availability of construction materials and labor shortages, UIHC determined it necessary to ask the Iowa Board of Regents for an increased budget at a meeting July 27. The increased budget was described as “worst case cost” during the presentation. A revised budget shows construction costs account for the bulk of the increase, as they expect construction will cost nearly $100 million more than anticipated.