I've been out of town and trying to get back up to date at work. We still have the effects of the flood (we will have them for years). Every day we are hearing about businesses that are not going to relocate or renovate but go out of business. It looks like there may need to be rethinking of where our arts campus is going to be. Apparently the UI's insurance company won't continue the policy for the Art Museum if it goes back where it was. The music building (not the auditorium but the building with the Music Department and recital facilities) may be beyond renovation.
They are still using the library parking lot to stage repairs to two adjacent buildings so they can be used for the fall term in some capacity.
For pictures of the flood and recovery try: http://www.flickr.com/photos/uinews/