State Budget Committee OKs funding for Hulman Center project

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Still think my question is valid ---- if actual work was to begin right after ISU and/or high school commencements ......if you want guys in hard hats doing stuff, I'd think you'd have wanted to have bids accepted, papers signed, assembling equipment, orders placed, etc. weeks ago.

Now we're into June and none of the above ? ? ?
 

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Westbadenboy said:
Still think my question is valid ---- if actual work was to begin right after ISU and/or high school commencements ......if you want guys in hard hats doing stuff, I'd think you'd have wanted to have bids accepted, papers signed, assembling equipment, orders placed, etc. weeks ago.

Now we're into June and none of the above ? ? ?
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Starting after graduations and wont start until after graduations can have different time meanings. that's my guess
 
From what I've gathered there are a multitude of things at play here..First off when this thing was originally granted things like copper wire, steel, etc were at a lower price compared to the present...On a massive rebuild that is not a little thing to look at...Second off many contractors/sub contractors were hesitant on this thing due to it being in phases and taking so long...You are talking about tying up bond money, man power, etc for long periods of time with a lot of variables and moving parts...And as a consequence of this you didn't get everyone in the area and even out of town for that matter going all in on this thing..From what I understand Hannig went after it with a pretty honest number...But what if you had the adequate sub contracting competition from plumbing, electrical, etc to keep the overall bid number lower for the GC's like Hannig ?

Finally, this project was partly bid high because they aren't just shutting the facility down and insisted on using it during construction... It would be a HUGE savings on the overall cost if they would just shut it down and let constant construction take place. Would it mean playing our games at Rose or the arena for a year? Yep and that would suck..But long term you are saving millions of dollars and thus would have the bells and whistles to benefit the program long term...Gotta see the forest through the trees ISU :facepalm:
 
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Southgrad07 said:
So 54 and some change to have all the alternates? Clink needs to work some magic there and start a fundraiser. Easier to sell to people when they know exactly what their money is going toward. We HAVE to get both the lighting packages which would put us a little under 49.5 mil..I think we also have to get the champions club and home locker rooms. That puts us just over 50 mil.. Does anyone know if we are trying to sell naming rights like Evansville did??

If it was me though I'd sink the ISU money into the less glamorous items on that list and then fundraiser items like home locker rooms and suites..The public is more likely to open their wallets for things like that imo...
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When the ISU Trustees prepare and commit to a BOND SALE, let's just hope that it's not half-assed and that they do a bond that covers the $16.5 Million dollar difference between the $54 Million dollars referenced here (or whatever top $ amount is needed) and the guaranteed $37.5 Million from the State.

There's only one chance to do this right, not a 2nd.
 

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You guys know more about this than I do. What about a possible sponsorship/naming rights deal with Genesco/Lids? Founder and person running it is an ISU graduate. It is, however, publicly traded.... but Lids does not have their name on any venues I am aware of..... probably low chance of this happening.
 
southernindianaballer said:
You guys know more about this than I do. What about a possible sponsorship/naming rights deal with Genesco/Lids? Founder and person running it is an ISU graduate. It is, however, publicly traded.... but Lids does not have their name on any venues I am aware of..... probably low chance of this happening.
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Not sure if they contractually have to stick with the "Hulman" name due to the original funding structure for the building. Hulman & Co., is across the street after all.
 
The bids came in over $5,000,0000 over the estimated costs so it is going out for rebid later this summer. I think there was an article in the TribStar. I honestly do not think anything will be done at this point until after commencement in May 2019.
 

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Could it be time to rethink the total project? Spend 40 million of a necessities update to the HC and hold out 10 million as seed money for a new stadium on the Wabash? I know, that would be nearly impossible because of the way the state money was appropriated, but I can't help but wonder what if?.
 
They should tear down Hulman Center and take $50M and build a new arena. And then go after the university employees who allowed a major asset to fall into disrepair over the span of many years.

I'm sure BankShot would have an opinion on who let this happen... :lol:
 
I really don't think they can afford to wait. Steel prices have gone through the roof - no pun intended. I know I had to put off gutter repairs on one of my barns because the construction company couldn't get the materials at the bid price.
 
I'm no Indiana government expert, but I'm guessing the grant money we're receiving isn't just some golden ticket we can cash in whenever we want. It has to be built into the current budget, and I highly doubt the state would just send us a check and let us sit on it for however long we need to.

Otherwise, I don't really care how long this takes to get started as long as they get it right.
 
BrokerZ said:
I'm no Indiana government expert, but I'm guessing the grant money we're receiving isn't just some golden ticket we can cash in whenever we want. It has to be built into the current budget, and I highly doubt the state would just send us a check and let us sit on it for however long we need to.

Otherwise, I don't really care how long this takes to get started as long as they get it right.
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I think you pretty much have it right.
 

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Blue Streaker said:
The bids came in over $5,000,0000 over the estimated costs so it is going out for rebid later this summer. I think there was an article in the TribStar. I honestly do not think anything will be done at this point until after commencement in May 2019.
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From what I heard today, you're correct. It's being rebid in September with construction next spring. That's assuming it comes in within budget. Which, in our current economy, isn't a guarantee. It's quite the cluster and could get worse. It really is a shame that past administrations let it fall into such disrepair and with no plan to fix it.
 
meistro said:
From what I heard today, you're correct. It's being rebid in September with construction next spring. That's assuming it comes in within budget. Which, in our current economy, isn't a guarantee. It's quite the cluster and could get worse. It really is a shame that past administrations let it fall into such disrepair and with no plan to fix it.
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Ain't dat da truff.
 
This continues to be an absolute shit show by Indiana State...

http://www.tribstar.com/news/local_...cle_07d54fcd-3340-5f89-a4a7-a238654be4e4.html

Someone needs to help me - the start of this thread says the post was made in 2015, is that correct? We're going on 4 years + of talking about this and they have yet another delay... You have got to be kidding me. A $43 million project and were talking about the bids being $5 million over expected... Are we really making excuses for higher than anticipated steel prices. Give me a break. These guys have had years to make sure this was done right and they still can't figure it out.

For you people on here that think a football stadium will EVER be built at Indiana State - please pay attention. We're talking about a $43 to $50 million project and they can't even figure out what the hell is going on. They had bids back for this project over a month ago and now the rebid isn't taking place until early fall. Don't talk to me about a football stadium - save it.

You'll remember in August 2017 when Bradley pulled the plug on the Convention Center project. Total smear campaign from both sides via local media outlets and here we are a year later and August 2018 and we basically will be in the same place we were a year ago. Meanwhile - the momentum on the convention center (like or hate it) seems to be progressing nicely without the help of Indiana State. Any praise Bradley got (on this forum) for his handling of that situation was simply people afraid to call it what it was in his closing days here.
 
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