TERRE HAUTE, Indiana — Indiana State University is moving ahead with plans to demolish two 15-story former residence halls after redevelopment plans failed to come together.
University officials had delayed demolition plans for the Statesman Towers last year to review a developer's proposal to renovate them into apartments.
The decision to move forward with demolition was made after it became apparent the redevelopment plan wasn't going to be financially feasible, said Diann McKee, the university's vice president for business affairs.
"We had been approached about potential reuses, but that just didn't work out," McKee told the Tribune-Star (http://bit.ly/ZdTyd5 ). "We'll move forward with the demolition plans within the next year."
The renovation project had been suggested by Indianapolis-based Core Redevelopment, whose recent projects have included the conversion of the former Bush Stadium baseball field in Indianapolis into an apartment complex.
The Statesman Towers were built in the 1960s as residence halls and later were converted to academic classrooms for the colleges of education and business. The Bayh College of Education moved to another building in 2009 and the Scott College of Business moved in 2012 into a remodeled former federal building that was just off the 12,000-student campus.
The cost of demolition is expected to be about $4 million. The site will become green space after the demolition, and McKee said the university doesn't have other plans for it at this point.
Information from: Tribune-Star, http://www.tribstar.com