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I have seen posters around campus, particularly in SCH. Also, you can go to their website under 'locations', Waterloo University says 'coming soon'.
I have no idea where it'll be located though. The most logical place would be in the new SLC expansion?
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If it's coming "soon", then the SLC expansion is not it. That's at least 2 years away, I'd say.
Possibly it's just in the plaza, but they're advertising on campus?
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The 2009 master plan... says a lot of things.
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Not surprised that element of the plan is delayed - it's tricky to justify a full rebuild/relocation of a building that is reasonably doing its job from a budgetary perspective.
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Except it makes for the worst entrance to any campus anywhere ever.