ISU set to create new biz school in old federal building

Indiana State University officials are expecting to start renovation work soon on the former Terre Haute federal building to convert it into the new home of its business school.

The university's Board of Trustees has voted to seek state approval for selling $9 million in bonds for the project, with $10 million in private gifts expected to cover the rest of the cost.

University President Daniel Bradley says he expects groundbreaking for the project in February. The Scott College of Business is expected to start using the building in time for the fall 2012 semester.

The project will include reconfiguring the interior of the 1930s-era Art Deco building, upgrading heating and air conditioning and installing information technology systems.

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