University of Iowa Hospitals and Clinics does, indeed, exist. University of Iowa Health Care is an entity that includes University of Iowa Hospitals and Clinics as well as the Carver College of Medicine and UI Physicians. (The hospital, by the way, has large "University of Iowa Hospitals and Clinics" lettering and the "UIHC" logo on the west outside wall.)

As for the water tower, if these people who are so eager to have the logo pained on the tower want to put some money where their mouth is and none of the parties involved have any problem, I say go for it--although perhaps a UIHC logo on the 50-yard line would be a nice return gesture. :)

Art Building West: http://www.uiowa.edu/~maps/a/abw1.htm

Also, you can zoom out if you don't know where in town this map situates you (although doing so oddly highlights Art Building (East) instead of Art Building West...but it's close).

Looks like the proposed location for the new Art Building East complex is just south of River St., labeled in the map.

Art Building East was already next to Art Building West--they were practically across the street from each other. It isn't weird that they're "moving" next to each other, but it will be weird that Art Building East will, in fact, now be just *north* of Art Building West.

I wonder if they'll keep the names or rename them to Art Building North and Art Building South. (Random tangent: I went to a private college, where nearly every building was named after somebody, usually due to a significant financial contribution he, she, or they made. It was genuinely shocking to me when I moved here and discovered two similar generically yet helpfully named buildings.)