Budget Committee Approves Hulman Center Renovation

Posted: Updated:
TERRE HAUTE -

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."

  • Perspectives

    • Focused Collaboration Leads to Effective STEM Leadership

      As a woman who has built a career in a STEM field, technology, I have come to realize that collaboration is an essential ingredient for organizational growth and survival. As my year serving as president for Women & Hi Tech comes to an end, one of the most impactful takeaways for me has been how a shared vision and strategic partnerships can help change the landscape for women studying science, technology, engineering or math in Indiana.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Walmart Details Crawfordsville Layoffs

      Walmart Inc. (NYSE: WMT) has announced plans to reduce its workforce at the Walmart Optical Lab in Crawfordsville. In a notice to the state, the company did not provide a reason for the reduction, but said 108 employees will be out of work by the end of September.

    • Indy Tech Vet to Lead DePauw Center

      DePauw University has tapped an Indianapolis tech veteran to become a part of its leadership team. Steve Fouty, who most recently served as chief financial officer of ClusterTruck in Indy, has been named director of the McDermond Center for Management and Entrepreneurship on the Greencastle campus.

    • Airports in Indiana Secure FAA Grants

      Seven Hoosier airports and the Indiana Department of Transportation have received support for projects from the Federal Aviation Administration. Funding through the Airport Improvement Program will be used for infrastructure work including runways, terminals and firefighting and snow removal equipment. Nearly $660 million was distributed throughout the country in the most recent cycle.

    • Study: Hoosier Graduation Rates Continue to Rise

      A new report from the Indiana Commission for Higher Education says graduation rates among Hoosier college students are higher than ever. The 2018 College Completion Report says 38.5 percent of students graduated on time, up 4 percent from the previous year and nearly 14 percent over the past five years.

    • Caesars now owns Indiana Grand in Shelbyville and Hoosier Park in Anderson.

      Acquisition of Indiana Racinos Complete

      Las Vegas-based Caesars Entertainment Corp. (Nasdaq: CZR) has completed its $1.7 billion acquisition of Centaur Holdings LLC in Indianapolis. The deal adds Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville to Caesars' portfolio. The company says it will invest $50 million into various property improvements and IT upgrades at both facilities. Caesars says it plans to add table games to both properties, pending necessary approvals.