Transamerica is considering a $40 million investment in its south campus in Cedar Rapids, as the insurer consolidates operations from its north campus on Edgewood Road, the Corridor Business Journal reported. The plans include renovation of the 160,000-square-foot former HIBU facility, which is currently vacant, and renovation of the existing 320,000-square-foot Transamerica building. They also include a new 51,300-square-foot addition to connect the two buildings. All Transamerica employees will be relocated to the campus. The Cedar Rapids City Council on Tuesday will consider a request from the company for tax incentives.