Ivy Tech State College now hopes to tear down the old Weyerbacher Terrace apartment complex after determining the 1913 structure would be too expensive to save. The college already has razed a couple of buildings on the 5-acre property along Fall Creek Parkway between Illinois Street and Capitol Avenue, but had agreed to save and incorporate the original St. Vincent Hospital into a campus expansion. But an official with knowledge of the plans says engineers and architects brought in by Ivy Tech couldn't find a way to save the run-down structure. The building has serious structural damage, and its interior walls are load-bearing, complicating reuse, the official said. The college plans to ask the city for permission to tear the building down or give it back to the city. The college bought the properties from the city for $1 in May 2006 in a deal that requires preservation of the building's facade and chapel. The city has not waived or received a request to waive the agreement, a Department of Metropolitan Development spokesman said today. The building has been vacant for at least four years since the federal government closed Weyerbacher, a subsidized housing complex.