Yeah it would make a lot of sense the problem is parking and space. Where you going to put on?! Students got WalMart and Kroger options within reasonable driving distance.
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Yeah it would make a lot of sense the problem is parking and space. Where you going to put on?! Students got WalMart and Kroger options within reasonable driving distance.
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Sycamore Proud
The Nicks Level
What % of students that are NOT commuters have cars? Are freshman allow to have a car if they don't commute?
When the new apts. are built west of 3rd street I guess all the ISU owned lots over there will get even more use. Eventually a overhead walkway will be needed .3rd street is too busy. Does anyone know what the plan is for the old track facility? Will it be used for green space or part of the remodel of the old arena?
One way or the other all this activity is wonderful as far as I'm concerned.I guess whatever is needed will be built as the demand increases.
One way or the other all this activity is wonderful as far as I'm concerned.I guess whatever is needed will be built as the demand increases.
BankShot
The Kleuh Level
"Reasonable driving distance," but how many stop lights & amount of traffic congestion? Bottom line is that businesses in the I-70/41 corridor are reluctant for TOO MUCH DOWNTOWN success, or risk business decline.
I think an expanded convenience store would make more sense. Something that carried essentials and a bit more than you can get at the campus cupboard.
2 CVS stores within 2 miles of campus. Not that CVS is great, I step in one maybe once a year.
At any rate catering to students is fine but most of the students are only here what 8 months out of the year anyway?! So Terre Haute and surrounding residents are really the ones that have to get behind the downtown and river front (which we haven't even touched on) movement.
One thing that is kind of cool that a lot of people don't realize is some fairly wealthy people (by Terre Haute standars) live or have recently moved into buildings they own and renovated downtown.
Obviously the Ohio Building is a good example of this. Then the Fords recently selling their home in Idle Creek I believe and moving downtown about the resturant. Andy Fox who owns Fox Canteen lives downtown. Maybe some others that I am missing. I guess my point is, the students and University deserve a lot of credit for the turnaround but this community has embraced a lot of the change.
It's funny to me that some folks on here would argue that the Terre Haute House should never have been torn down. Perhaps single greatest move this city ever made was tearing that thing down and starting over! Look at the growth that has happened since. Okay let me have it... Lol
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Pharmacy.... walgreens, cvs, etc. There would be a line to get in 8 months of the year. Milk, bread, antibiotics, chips, beer, candy, toilet paper, feminine hygiene, makeup, soaps, meds, coffee, sodas, school supplies, all in one place.... the fire marshall would have to camp there to monitor capacity issues.
While they are two miles within campus, for those that lived on campus, they don't want to get into their cars and go off campus. Tanner calls it living in a bubble and those businesses from 3rd to Wabash to 7th are walkable, safe and in that bubble. While the business don't have to cater to students, ignoring that market isn't wise because you have to survive off Hautians driving downtown where you already said there is little to no parking. If it is inconvenient, you may as well not even open shop if that is your market focus.
There used to be a Shahadey's Market that I went into as a kid on 4th street just off Wabash a couple blocks. Something like that may work again especially if you have folks moving downtown to live like you said. And you're right about the Terre Haute House.
Another note: The apartment leases are generally 12 months (non-ISU, optional 9 or 12 months for ISU apartments - I think) so that leaves a substantial residual downtown population. I know from experience - apartment living students generally stay (summer) in TH due to having part time jobs, taking a summer class or two, and having a 12 month lease.
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[h=1]Will this help or hurt ISU's growth plans?
IUPUI student housing building spree to test demand...[/h] May 14, 2016
Trinitas Ventures’ $40M apartment project at Michigan St & Capitol Ave is on schedule to open in August 2017.
4 student apartment projects totaling more than 1,000 units are either under construction or in the works near IUPUI, as developers race to capitalize on the university’s transition from a commuter to residential campus.
IUPUI also is getting in the game. The school is building the $45M North Hall, which will open this fall & serve 700 students—the 1st-ever newly built residence hall on the campus founded in 1969.
The off-campus housing projects, which together will cost more than $100M, will double the existing inventory of options available to students. Considering many units house up to four beds, downtown soon could be crawling with more college students.
“The student properties are all doing well, so it’s a pretty strong market,” said George Tikijian, senior managing director of local apartment brokerage Tikijian Associates.
Recent downtown developments targeting students include 9 on Canal @ 335 W. Ninth St. along the Central Canal, The Avenue @ 930 W. 10th St. near Indiana Avenue, and The Tyler at 1201 Indiana Ave. Others are Stadium Lofts & Stadium Flats, both on the grounds of the old Bush Stadium on W. 16th St, and Central State Mansion on W. Washington St @ the former Central State Hospital site.
complete story at: http://www.ibj.com/articles/58573-i...utm_medium=newsletter&utm_campaign=2016-05-17
IUPUI student housing building spree to test demand...[/h] May 14, 2016
Trinitas Ventures’ $40M apartment project at Michigan St & Capitol Ave is on schedule to open in August 2017.
4 student apartment projects totaling more than 1,000 units are either under construction or in the works near IUPUI, as developers race to capitalize on the university’s transition from a commuter to residential campus.
IUPUI also is getting in the game. The school is building the $45M North Hall, which will open this fall & serve 700 students—the 1st-ever newly built residence hall on the campus founded in 1969.
The off-campus housing projects, which together will cost more than $100M, will double the existing inventory of options available to students. Considering many units house up to four beds, downtown soon could be crawling with more college students.
“The student properties are all doing well, so it’s a pretty strong market,” said George Tikijian, senior managing director of local apartment brokerage Tikijian Associates.
Recent downtown developments targeting students include 9 on Canal @ 335 W. Ninth St. along the Central Canal, The Avenue @ 930 W. 10th St. near Indiana Avenue, and The Tyler at 1201 Indiana Ave. Others are Stadium Lofts & Stadium Flats, both on the grounds of the old Bush Stadium on W. 16th St, and Central State Mansion on W. Washington St @ the former Central State Hospital site.
complete story at: http://www.ibj.com/articles/58573-i...utm_medium=newsletter&utm_campaign=2016-05-17
niklz62
The JSW Level
I suspect that if there was demand there would already be these businesses in the downtown area.
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Didn't want to make a new thread and didn't know where to post this. But i just did my first campus visit in 3-4 years and came away impressed with some of the new developments happening both on campus and around it. The one thing that i was disappointed in was how rough the Hulman Center looks right now, if this convention center deal gets done, I can understand "letting it go" this year to free up some money. Having a state-of-the-art facility there will be a game changer for the university and Terre Haute. The addition(s) to the north gym on the arena look impressive and will definitely grab your attention while driving down 41. The Annex looked a lot better than what i was expecting, and if they are able to build up around the track (I'm mainly talking about that old building next to the track), that could be a very neat area. All in all it was great to be back in Terre Haute and bring back so many great memories. I came away impressed with what is happening in the area and believe that if Terre Haute and ISU can get done some of these major projects, It could be a GREAT college town and lose some of the negative perception around the state. My wife really enjoyed walking around and commented many times on how it was a lot nicer than what she was expecting and how she liked the campus a lot more than BSU (where she is currently a student).
Regarding the funding of the Hulman Center and the shortfall....
Does anyone know if naming rights are an option? Not sure if Hulman is a permanent name on the facility or not... Can that name be bundled with a another sponsor? Just curious because another 5+ million every 10 years could be garnered with this option, easily.... I understand the Hulman family and name are a staple with ISU.
Does anyone know if naming rights are an option? Not sure if Hulman is a permanent name on the facility or not... Can that name be bundled with a another sponsor? Just curious because another 5+ million every 10 years could be garnered with this option, easily.... I understand the Hulman family and name are a staple with ISU.
Bally #50
The JSW Level
Excellent question. I wondered the same. My guess is that they WILL rename it knowing full well that the Hulman family have enjoyed 40+ years for one check. If it is to continue, it is time to re-up. Not sure who might take their place but I am sure there are wealthy alums out there that could. There are plenty folks. Someone else asked why the university has been mum on the whole remodel scenario but remember, Dr. B. said he would like to have it done on his watch. Who knows? How about Hilton Garden? (kidding everyone).
I'm not disagreeing that new and more lucrative naming rights should be explored, but I think your $5M/10 year scenario is pretty far fetched. That would put the Hulman Center on par with some MLS stadiums and some new minor league baseball parks. Cut your $5M/10 in half and maybe you're getting closer. Again, any little bit helps but renaming or rebranding the Hulman Center isn't going to create some financial windfall for the university.
BankShot
The Kleuh Level
According to this calculator, $2.5 million in 1970 $$$ is just shy of $16 million TODAY...so here's guessing there's little latitude on this matter.
http://www.in2013dollars.com/1970-dollars-in-2017?amount=2500000
http://www.in2013dollars.com/1970-dollars-in-2017?amount=2500000
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The closest comp I can come up with is the Silverstein Eye Center in Kansas City, MO. The naming rights were sold for 10 years for $2.75M. They have a semi-pro hockey team that plays in that arena along with your typical concerts and other special events. In short, it's in a bigger metro area and used far more often than the Hulman Center. I wouldn't expect the Hulman Center to garner nearly that much. The MUSC Health Stadium (Charleston, SC) sold for 5 years and $925,000, and it's primarily used for a 2nd division professional soccer team. Hulman is probably somewhere in between those two.
Now, if you can find one wealthy individual or family that wants to donate a chunk of money to get a building named after them...that's a different story. I'm simply referring to corporate sponsorship.
Now, if you can find one wealthy individual or family that wants to donate a chunk of money to get a building named after them...that's a different story. I'm simply referring to corporate sponsorship.
Evansville Ford Center... It's only an arena.... no attached convention facilities.... 5 million for 10 years (500k year).... It's the regional Ford dealerships who pay. I'm guessing TH/ISU can get a comparable deal or better.
BankShot
The Kleuh Level
Ya, the CIB Board has been "swatting away at 'em like flies" over the past year, since the State of IN awarded the $37.5m MATCHING formula...
Perhaps the CIB could leverage Vigo County Commissioner/CIB Board Member Judy Anderson's hoped for "catering contract" for a few mill over 10 yrs? Isn't that where the stalemate is, w/ the Nation Group also hoping to have dibs on this lucrative aspect of convention/tourism CONCESSIONS?
W/o the luxury of casino gambling, I simply don't see TH/Vigo as a magnetic draw.
http://www.tribstar.com/news/local_...cle_70c53513-389c-52cc-9e0c-ca3276248d06.html
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Good information. Evansville got a helluva deal then. That's pretty rich compared to other recent and similar stadium/arena naming rights deals.