Forgot to post about this but ASU did post their new Annual Capital Plan (for 2025) and their Capital Improvement Plan (Covers 2026-2029).
https://www.asu.edu/fm/documents/acp-latest.pdf
https://www.asu.edu/fm/documents/cip_latest.pdf
The projects entering construction per ACP are set and the projects outlined in the CIP generally gives an idea of the next year out projects (for 2026) and otherwise gives a general prioritization of future projects. That being said, this years ACP is somewhat different than from what last years CIP said, and it appears that over the next two years ASU will be doing some.important stuff but not really stuff that's super interesting from a Tempe urban environment standpoint. This years projects are all infrastructure improvements (classrooms, lab space, utilities, etc) which they are always working on but they renew the bonds for every 3 years. Frustrating that so much capital investment goes into maintenance but looking at how the building condition index has changed over the past 10 years or so (this is included in the CIP) it does appear that infrastructure status has improved a lot recently, though there are still some sore spots such as the Arcadia dorm complex and the engineering center complex. The CIP says that next year ASU is looking to start moving the rest of the athletic fields along Rural over to the new athletic village east of Rural, which will be important as NOVUS phase III heads towards completion and developers potentially start looking northward. Additionally, it looks like they are hoping to start work on the McCain center next year, notably this project doesn't really compete with other projects for funding as much since a lot of it will come from federal funds.
Side note, ASU is completing the Mill Avenue dorms project this year but in the most recent CIP they have significantly deprioritized new student housing projects, including renovations of existing dorms. This has become a little bit of a sore spot between the university and the city as during at least one council meeting last year when they issued a rare rebuke of a GPA request (for the Standard) when Joel Navarro explicitly said that ASU needs to help out with student housing too. I tend to agree as, even with all the private student housing going up, ASU has had a problem housing all of its freshmen who would probably benefit from a traditional dorm experience.