INDIANAPOLIS-Wishard Memorial executives, along with local government officials, celebrated Wednesday the groundbreaking for a new $745 million hospital. The 1.2-million-square-foot New Wishard complex, to be finished by 2014, will include a 315-bed inpatient hospital, a 200-bed outpatient clinic, a 2,400-car parking garage, a 90-bed emergency treatment center and a women’s health clinic, as well as offices for faculty, research and administration functions.

The current hospital complex, just north of the Indiana University School of Medicine, has buildings that are nearly 100 years old. “Our facilities are getting pretty old, some structures are not up to modern code standards,” says a company spokesman. The university will take over the current complex when the new facility is finished, he tells GlobeSt.com.

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