The 1970s-era tower holding the carillon had deteriorated and was dismantled in October 2017. The bells were then shipped to the Netherlands, where they are being restored. The new carillon tower is under construction in the center of campus in the Jesse H. and Beulah Chanley Cox Arboretum.

As part of the relocation and renovation, the original Metz Carillon will be upgraded with four new bells, bringing the total to 65 bells and making it a grand carillon, one of fewer than 30 in the world and one of only a handful nationwide.

The relocation and renovation project is an IU Bicentennial initiative. Once the new tower is complete and the instrument restored, regular concerts and recitals will be given by the IU Jacobs School of Music.