Work is well under way on the new home for the neuroscience institute and the psychology department, above, located just south of Icahn Lab. Scheduled for completion in the spring of 2013, the building is one of several projects to be funded by $250 million in tax-exempt bonds issued June 15 by the University. The total interest cost of the bonds is 4.09 percent. Proceeds also will support a new data center on the Forrestal campus and renovations of Firestone Library and Jadwin Hall. The University’s capital budget through 2017 was cut from $3.3 billion to $2.4 billion during the financial crisis; it since has increased to $2.675 billion.