TERRE HAUTE, Ind. (WTWO/WAWV) — The Terre Haute Capital Improvement Board Friday approved the purchase of the downtown Vigo County School Corporation building for $3 million to resolve parking issues with the new convention center.
“We’re a little disappointed that it hasn’t moved along faster that what we had originally expected when we broke ground in September,” CIB president Jon Marvel said.
The parking issued had brought the project to a standstill. To build the structure as planned, the Hilton Garden Inn would lose most of its available parking. Other, even less desirable options included tearing down the Copper Bar and the Terminal; however the potential to buy the school corporation building offered a solution.
The lot will provide Hilton Garden Inn with approximately 70 parking spaces, roughly the amount of parking they will be lose to construction of the convention center.
The school corporation will need to vote to approve the sale, but Marvel explained, that will not happen until board members are able to meet.
The CIB also approved a resolution that will allow immediate access to the parking lot before the sale of the building is final. In exchange, the school corporation will continue to use the building until September 2021.
“They could leave a bit earlier, but our agreement is they can stay there until then,” Mayor Duke Bennett explained.
A third resolution passed by the board Friday was to hire Spectra Venue Management as the convention center’s operator.
“We want to get them under contract in the next couple of months, so they can work with the final designs,” Bennett said.