Indiana- The Indiana State University (ISU) Board of Trustees voted to seek necessary state approval to spend up to $50 million for renovation of the Hulman Center. That includes use of a $37.5 million state appropriation initially intended for a larger project that also involved a new, adjoining convention center. The remaining $12.5 million would be funded from cash, gifts and non-state borrowing to be repaid from university funds.
In 2015, the General Assembly approved an authorization of $37.5 million to Indiana State to be used as a one-to-one match for the proposed $75 million project to create a convention and arena complex. Other partners included Terre Haute city government, Vigo County government and the Terre Haute Convention and Visitor’s Bureau. The university has planned to forego its involvement in the convention center project and instead, seek necessary approvals to use its $37.5 million state appropriation for the Hulman Center renovation.
ISU’s decision to move forward with renovation doesn’t rule out the prospect of a convention center in the future. A convention center could be part of a Phase II project. As far as the Hulman Center renovation, ISU has said if required approvals are obtained, construction could begin as early as next spring.