TERRE HAUTE, Ind. (WTWO/WAWV) — A new hotel could be coming to the former Vigo County School Corporation site.
The $20 million Courtyard Marriott project was presented Wednesday during a Vigo County Capital Improvement Board meeting.
The hotel at 7th St. and Wabash would sit atop a parking structure and would replace plans for surface parking previously looked at for the new Convention Center. A parking connector would allow visitors to walk from the Marriott to the Hilton and to the Convention Center without going outdoors.
Two options are being consider for the parking structure — a two-deck parking garage that would provide bout 138 new parking spaces and approximately 1,600 square feet of retail space, or a three-deck parking garage that would provide about 200 new parking spaces and approximately 15,400 square feet of retail space with room to expand by another 2,450 square feet. CIB noted that additional retail space is desirable long-term, but will add additional cost to the garage.
The hotel would include 120 rooms on three levels.
The parking structure itself would either be a two-deck or three-deck parking garage. Cost of the parking structure is not included in the $20 million estimate.
In order for the proposal to move forward, the CIB voted 5-0 to transfer the VCSC property to the Terre Haute Redevelopment Commission, with the expectation that the property be sold to Terminal Hotel Partners, LLC for $1.
The school corporation will remain in the existing building until September 2021 per a lease agreement.
Construction of the hotel would likely begin after the completion of the Convention Center.