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Indy firm proposes redevelopment of ISU towers

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Indiana State University is putting on hold its plans to demolish two 15-story former residence halls on the Terre Haute campus after an Indianapolis-based developer proposed taking them over.

University officials had planned a $4 million demolition of the Statesman Towers over the school's winter break.

Indiana State vice president Diann McKee told the Tribune-Star that the demolition has been called off while officials consider a plan from Core Redevelopment LLC.

McKee declined to give details on the proposal, but said some sort of housing project would be the most suitable use for the 45-year-old towers, which total 320,000 square feet.

Core Redevelopment is known for the conversion of the former Bush Stadium baseball field in Indianapolis into an apartment complex called Stadium Lofts. Its other apartment redevelopment projects include Chapel Knoll, Chelsea Manor, Harding Street Lofts and Senate Manor.

John Watson, Core Redevelopment managing member, said he didn't want to discuss the Statesman Tower proposal while the university considers it.

"We're very excited about the Terre Haute market and creating some housing in Terre Haute," Watson said. "I don't know what it will be or what will happen, but we are working on finding a project in Terre Haute."

The towers were built in the 1960s as residence halls and later were converted to academic classrooms for the colleges of education and business. The Bayh College of Education moved to another building in 2009 and the Scott College of Business moved last year into a remodeled former federal building that was just off the 12,000-student campus.

McKee said it could be several months before a decision is made about the towers.

If the towers are redeveloped, "it would not be anything that would be operated or managed by the university," McKee said.

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  • Good Idea
    Ben, putting your sarcasm aside (where it belongs, this is a good idea. First, there is no mention in the article that these towers would become Section 8 housing (Bush Stadium is now fairly high end apartments. Also, you don't seem to understand Section 8. Anymore, Section 8 tends to be a voucher program that qualifying tenants can use with any landlord that wants to participate, so you can have individuals paying market rate and some getting a subsidy. Yes, there is a project based Section 8 program, where a landlord sets aside some subsidized units for Section 8 qualifying individuals, but it is less common now, and again, there is nothing in the article mentioning Section 8. Second, just because someone qualifies for Section 8 doesn't mean they commit crimes. You seem to confuse being poor with some moral defect. And, as recent events have proven, some of the worst criminals can come from the ranks of the wealthy. Often individuals who qualify for Section 8 are working, they just don't make enough money to afford decent housing. In addition, people who qualify for Section 8 have to meet and maintain various obligations in order to continue to qualify. ISU is not a fancy school. Students who attend should be exposed to and comfortable living around people from all walks of life, not just affluent people who can afford luxury apartments. Just because there may (and no one said there would be) some Section 8 housing in the redeveloped towers does not mean the school will become a "ghetto."
  • Seen this one play out before...
    I have seen this on several college campuses in the Midwest. Turn some former student housing into low-income and/or Section 8 housing. Makes for a great mix of college students and the ghetto (Sarcasm). Get ready for the crime rate on campus to go up

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