Fort Wayne - Today, the State Budget Committee in Indiana approved a state supported Phase One renovation of the Hulman Center.
The committee approved the release of $37.5 million in state capital appropriations following a presentation from Indiana State senior officials at today's meeting in Fort Wayne.
Officials say the Budget Committee's support for the state appropriation and the agreement with the university for project costs to not exceed $50 million will allow for an approved venue for the 21st century.
“Indiana State University has worked very hard on growing enrollment and fulfilling our educational mission with emphasis on community engagement, and this state appropriation helps Indiana State carry out our mission while helping infuse new energy in downtown Terre Haute,” said Indiana State President Dan Bradley.
The Indiana General Assemby authorized the funding for Hulman Center in the 2015 state budget.
Indiana state law requires approval by the Indiana Commission for Higher Education and the State Budget Committee before state funding is released.
The Commission for Higher Education approved the appropriation at its September meeting.
Construction for the Hulman Center is scheduled to commence following the 2017-18 men's and women's basketball seasons and renovation work is anticipated to occur over approximately 26 months.
The university will continue to hold limited activities during the renovation period.