Looks like the same rendering we've seen before. The question is: What does it mean "the University plans to initiate the design phase ......"?
For most projects that is multi-stepped:
1) Concept Plans - 30% complete (looks like those are already done)
1A) ) Jurisdiction Review & approval
2) Design Documents - 65% complete
2A) Jurisdiction Review and Approval
3) Contract Documents - 100% complete
3A) Jurisdictional Review and Approval
4) Bonding (Probably waived here)
5) Bidding Phase and Contract Award
6) Construction Phase
Hopefully, for the sake of time, they have already received at least informal review and approval of the Concept Plans and are working on the DD's and will submit this fall. If they really fast track it, they might start some phases of construction in summer, 23, with the bulk to be built in summer 24. That's an "edcuated" guess at the earliest completion time, UNLESS they have been working behind the scences to submit the DD's and CD's for review already.