This will be cool once built, but I find it a bit odd that it's way the heck out on the edge of town.
The cynic in me says it is a perfect location. Plenty of cheap apartments around for the players to live in, as part of a "mixed use" plan they will will have shopping and food options close by, and an easy trip to Hilton for games.
And given that they facility is closer to Ankeny than campus, it will be that much easier for players to ignore their studies. Just what a hoops program with a perfect 0% graduation rate needs- further academic isolation.
If your program is going to be an academic embarrassment, at least win some dang games.
There is study hall space in this new gym, I hope. A couple hundred square feet should do, especially if it lacks windows.