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Terre Haute Housing Authority Sells Deming Center

It was purchased by Core Redevelopment for $800,000, and plans to spend around $5.3 million to rehab the old hotel. The ground floor will continue to stay commercial business. Part of the Terre Haute Housing Authority, the building currently has 109 units, and all of the tenant living in the building now will be relocated by the end of the year.
A historic Terre Haute hotel could have some new tenants in the near future.
   
The Terre Haute Housing Authority board agreed to sell the Deming Center at 6th and Cherry.

It was purchased by Core Redevelopment for $800,000, and plans to spend around $5.3 million to rehab the old hotel.
   
The ground floor will continue to stay commercial business.
   
Part of the Terre Haute Housing Authority, the building currently has 109 units, and all of the tenant living in the building now will be relocated by the end of the year.

Officials hope to have the renovations complete and be open to students by 2015.
   
They expect most of the tenants to be ISU students.
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