The State Budget Committee has unanimously approved more than $37 million in funding for the first phase of renovations to the Hulman Center on the Indiana State University campus. The funding was authorized by the Indiana General Assembly in 2015 and approved last month by the Indiana Commission for Higher Education. ISU says construction will begin after the 2017-2018 men's and women's basketball seasons are complete.
The funding will be used to modernize the 44-year-old venue, including updated electrical and mechanical infrastructure. Work will also include creating more accessibility for people with disabilities. The university says the renovations will "allow for an improved venue for the 21st century."
Indiana State says renovation work is expected to take 26 months to complete and limited activities will be held as the work continues. The project is expected to cost up to $50 million, with the remainder being funded through university gifts, cash reserves and borrowing.
"This project reinforces the partnership between public higher education and the state of Indiana to better position the Terre Haute community to attract visitors to the downtown area," said Diann McKee, senior vice president for finance and administration and treasurer at Indiana State. "With construction set to begin next spring, this project will mean more local construction jobs, and we believe that the projected increase in activities inside this improved venue will lead to future economic development in the downtown corridor."
The project was originally part of a $75 million plan which included the addition of a convention center. However, ISU President Dan Bradley told Inside INdiana Business in August city and county partners were unable to "make it work financially."
By Andrea Meyer Director of Benefits, WorkSmart Systems
Many leaders who are looking to increase overall productivity at their company are implementing collaborative team environments. This growing trend is backed up by a recent study that states collaborative work environments lead to an increase in overall profitability. However, teams are only effective if built correctly. Don’t expect a group of employees to work well together if you throw them in a room without cultivating any sort of trust or team building.
Virginia-based Nestlé USA says only 40 employees will be laid off at the company's Fort Wayne distribution center. A spokesperson for Nestlé tells Inside INdiana Business a WARN Notice filed with the state incorrectly stated the facility would close at the end of the year, affecting nearly 70 workers.
Eleven Fifty Academy has announced plans to relocate. The nonprofit coding academy says it will invest $5 million to move its national headquarters to a 25,000-square-foot space in downtown Indianapolis near the Indiana Statehouse. Eleven Fifty says it will maintain its existing space in Fishers and has additional plans to add more locations statewide in the future. The organization says it aims to bring its staff to more than 150 over the next six years. Founder Scott Jones...
A Purdue University-affiliated student startup thinks its innovation will help airlines become more efficient. Operating out of the Purdue Railyard, FlykeART has developed what it calls a lighter and smarter galley cart for airlines, which co-founder Yuhan Roh says could save airlines millions of dollars in fuel costs. The slimmer cart design, according to Purdue, would also help make the carts less of an injury threat for travelers. On The INnovators with Dr. K, Roh said...
Plans for a $75 million project at the former BorgWarner site in Muncie have come to a halt. Nigel Morrison, director of Waelz Sustainable Products LLP says “a campaign of misinformation tainted the process and ultimately made it impossible for the city council to continue supporting the project.” The project was first announced in January and was slated to create up to 90 new jobs. The announcement follows the opposition of Muncie residents who...
A Merrillville telemarketer has been sentenced to over five years in prison for his role in a $10 million scheme to defraud mostly elderly victims in the United States. Carlin Woods, 35, pleaded guilty in 2017 to a count of conspiracy to commit wire fraud, one count of wire fraud and another conspiracy count to commit money laundering.