At a meeting which it held on November 26, 1986, the Executive Committee decided that the responsibilities of the Rainbo Task Force should be broadened and that the committee should be renamed the Facilities Planning Committee.

Dr. Richard Hirte', the Vice President of Financial Administration, was appointed first chair. The committee was discontinued sometime around 2005. According to a memo from President Albert DiUlio, S.J., to Dr. Robert Murray, dated December 2, 1986, "The first charge of the Facilities Planning Committee is twofold: 1. To assess the existing time and space resources on the Xavier campus (excluding the Rainbo property). 2. To develop a short-term contingency plan to fully utilize existing resources to accommodate a move of all course offerings and personnel from the Edgecliff campus to the Xavier campus by summer, 1987. As of 2001-02, the committee's charge was as follows: "The Facilities Planning Committee assists the President with major University facility planning by identifying space and facility needs, locating resources, and recommending alternative solutions."