Six-Year Capital Plan
Every odd-numbered year, VCU's Board of Visitors approves the university’s Six-Year Capital Plan, which VCU prepares in accordance with the Commonwealth of Virginia biennial budget process. VCU Health System's capital planning process is separate from the university's and is ultimately approved by the VCUHS Board of Directors.
The university's 2026-2032 Six-Year Capital Plan includes capital projects the university may initiate over the next six years and identifies potential funding sources based on the priorities outlined in both the Quest 2028: One VCU Together We Transform strategic plan and the ONE VCU Master Plan. The capital plan includes critically needed projects in the first of the three biennia. The remaining biennia projects are also important subsequent priorities.
Capital projects are in three funding categories:
- State projects:
- Projects that require state funds
- May be paid for, in part, with university funds
- VCU Board of Visitors approves the submittal of the funding request to the Governor of Virginia
- The Governor evaluates the university’s projected capital outlay needs and incorporates her/his recommendations into the Executive Budget for consideration by the General Assembly
- University projects:
- Projects that will be paid for by the university
- VCU Board of Visitors approves
- Public-private partnerships:
- Projects undertaken by VCU alongside a private entity to finance, build and operate
- Unique structure for each project
- VCU Board of Visitors approves
2026-2032 Six-Year Capital Plan
The current Six-Year Capital Plan was approved by the VCU Board of Visitors in May 2025 and is a prioritization of key projects outlined in the ONE VCU Master Plan. Please note that although all prioritized projects will be examined and considered, not all will move forward. Timelines are optimistic and approximate, and projects may take longer to complete. This plan is revised and updated based on progress and new information every two years.
Potential state funded projects:
- VCU School of Dentistry
- CoStar Center for Arts & Innovation Academic Building Equipment
- Hyflex Interdisciplinary Innovation Classroom & Lab Building
Potential university funded projects:
- West Grace Street Housing Project (including Honors housing)
- Massey Building Shared Lab Renovation
The renovation will convert the first floor from wet labs to more than 5,000 assignable square-foot vivarium, expanding vivarium space in the facility, and 1,500 assignable square feet of core labs. It will also convert the ground floor from administrative space to more than 6,000 assignable square feet of wet labs.
- VCU Catering and Events Space
The renovation will include 17,740 square feet of food service space in the Cary & Belvidere Residential College that will serve as VCU Catering and event space. Formerly the location of a Chili’s restaurant, Starbucks and AVO Kitchen, the space will be converted into a new home for VCU Catering and feature a catering kitchen with attached event and conference spaces.
VCU Catering has outgrown its existing catering and event space in Shafer Court Dining Center, known as the Compass Room. Moving VCU Catering to a larger, dedicated facility will improve efficiency, enhance service capabilities and allow for better support of campus events. Additionally, the relocation of VCU Catering from Shafer Court Dining Center to this new facility aligns with the VCU Dining Master Plan by freeing up valuable space in Shafer Court Dining Center for expanded student-centered dining options.
Potential state-funded projects:
- Academic & Research Building Renovation
- Johnson Hall Renovation/Repurposing
Potential university-funded projects:
- Athletic Village - Tennis Courts
- Athletic Village - Soccer Stadium
Potential state-funded projects:
- Interdisciplinary Health Sciences Academic Building
- Oliver Hall Renovation
Potential university-funded projects:
- Athletic Village - Indoor Field House
- Student Commons & Iconic Green
- Student Housing Project