It would take a lot of money and success to keep IU out of the Terre Haute market. They've probably lost some traction in the last couple of years (with our success and increased enrollment), if your IU what is your response to that? You don't have to be a marketing guru to figure it out, try to get some of that market share back - buy some billboards. It's like has already been mentioned, this has been going on for years though. Billboards are expensive for the most part and if you look at the ones in high traffic areas (I-70 or 3rd St.) they are owned by organizations in town that are the most wealthiest.
Some things to consider:
A. If Lamar or whomever is not charging them a higher premium on that billboard then they ought to be shot, I'd guess they are not because Lamar will do whatever they can to sell a billboard - granted IU would probably pay for it anyway because they can afford to do that.
B. Indiana State can't afford every billboard in town, that's unrealistic.
C. How else could that money be spent? Do you really need to be putting up expensive (because it's probably the most costly form of advertising) ass billboards? I am not convinced that we do. How much do you think Indiana State is paying for those 30 second psa's that WTWO runs and WTHI runs? Probably nothing or next to it.
So what's your solution? IU will always have a market in Terre Haute, Indiana as long as high school graduates from Terre Haute continue to go to school in Gloomington, Indiana. It's only a 45 minute drive to get to Bloomington and it's a Big Ten school - you might as well face the reality of the matter. Personally if I owned Lamar I'd tell them to get

lost and buy the billboard from someone else - sound business? Probably not, but then again I dislike IU. Your not going to stop it - you can only contain it.
THE SOLUTION:
1. Continue to put a winning product on the field, floor.
2. Upgrade facilities
3. Continue to increase enrollment
What will these 3 things do for you? Clean up your image and everything else will take care of it's self. Spend the money on your facilities and what you can do to increase enrollment and let IU buy all the damn billboards they want.