So... anything new on this?
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This could be worse than we think. Dan Bradley's patience could be running thin with the convention board dragging their feet, and the state of Indiana cutting our funding.
He could be contemplating retirement in another two years and then we're really screwed!! He's the best president ISU athletics has ever known!
If he goes, we have got to find another president who is gung-ho on sports, or you can kiss a new football stadium good bye too!
Added: And we won't be getting a new football stadium while Bradley is president. He'll be getting out of Dodge and let the "new guy" handle that situation.
I don't mean to come off anti isu..the city needs to be flexible too..However, the university has much more to lose by letting this opportunity go by the wayside and has more to gain..This thing could be the cornerstone for isu athletics for the next 40 years! So in my mind they should have to bend a bit here to make it happen. In an ideal world you'd hope our city and university leaders realize we play for the same team and this thing getting done is a win for ALL
Agree on all points but if the money isn't there.... Is the Hautian economy booming? Isn't ISU losing funding from the state capitol? Which wealthy Alums are calling and offering to fund the difference?
Which is exactly why they made a giant mistake when this project was first announced several years ago by not collecting every last cent they could for it from anyone excited about the project.All the more reason to act now...Universities around the country are seeing state funds slashed left and right...why wouldn't you seize upon a chance to get 37.5 mil in funding?? We have had enough money to redue almost every building on campus and add new student housing (all badly needed btw).. I just can't get my head around this project stalling over a few mil when the foundation/university has done nothing in an attempt to publicly raise funds.
Larry Bird is either broke or doesn't care or both.
The Indiana General Assembly has budgeted $37.5 million for the Hulman Center project. Vigo County, the city of Terre Haute and the Terre Haute Convention and Visitors Bureau have pledged more than $25 million for the project. The entities are working to fill a $12.5 million funding gap, with the food and beverage tax targeted as a way to pay for long-term operational costs.
So with the food and beverage tax now in place, there lone hold up is the $12.5m funding gap from the local municipality, correct?
From a previous Star article:
Ah kinda..The city,county, and bureau is pledging 25 mil. and ISU is balking at it. Originially city officials say that ISU was confident that if the city could fund all but 10mil of the project then the foundation and ISU could raise the rest. SO basically the way I understand it.. we are about 2-3 million dollars in bickering away if the food and beverage tax goes through.
My understanding is that the funding is done but the food and beverage tax is what everyone feels needs passes for annual operating costs.
My understanding is that the funding is done but the food and beverage tax is what everyone feels needs passes for annual operating costs.
This is my understanding, as well. I believe someone was quoted as saying something to the effect of "without the food and beverage tax, it would be like buying a new car without being able to afford the gasoline." I'm paraphrasing, of course, but that was the gist I remember receiving.