Ivy Tech set to break ground on new downtown building

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Ivy Tech Community College is set to start new construction at a former hospital site next to its downtown Indianapolis campus.

Ivy Tech officials and Indianapolis Mayor Greg Ballard plan to be at a ground breaking ceremony Wednesday. Ivy Tech is tearing
down parts of the former St. Vincent Hospital and is building a new $40 million classroom building.

The community college says it needs more classroom and lab space to handle its fast growth. More than 110,000 students are
enrolled in Ivy Tech programs.

The former St. Vincent Hospital building dates to 1913. It was a hospital until 1974, and Ivy Tech has owned it since 2006.

Most recently, the building was a senior apartment complex known as Weyerbacher Terrace. The federal government shut it down
in 2003 and turned the property over to the city.

The state-run college bought the 5-acre property between Illinois Street and Capitol Avenue from the city for $1 in May 2006
in a deal that required preservation of most of the original hospital and adjoining chapel.

But Ivy Tech officials, citing prohibitive costs, last year asked the city for permission to demolish the building instead.
City planners and historic preservation groups pressured the college to rethink their approach, so Ivy Tech reversed course
and announced a deal for private developers to turn the building into student housing.

That deal never found financing, leading Ivy Tech to revisit the possibility of a new academic building.

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In