COB steps closer to downtown move

South side of Federal Building

The General Services Administration (GSA) has completed a Phase I restoration/rehabilitation project, and has now begun work on a Phase II renovation of the Federal Building, the new home for Indiana State’s College of Business. The building, located in downtown Terre Haute on the south side of Cherry Street, is across from campus at 30 North 7th Street.  [See related links below]

Phase II is estimated to cost approximately $3.5 million when completed. Construction includes a U.S. Postal Service area, to be maintained by ISU, at the west end of the first floor. The current post office area takes up most of the south side of the first floor. Phase II also includes demolition of the post office loading dock on the south side of the building and mechanical work on the utilities. This phase is being paid for by the GSA.

When the building is converted into the new home of the College of Business, the historic courtroom, first-floor lobby with post office boxes and upper-level hallways of the building will be preserved under the National Historic Preservation Act. The building was listed on the National Register of Historic Places in 1984.

A new federal building will be constructed at 921 Ohio Street (just east of St. Benedict’s Church), to house the U.S. Southern District Court, bankruptcy courts, and other federal agencies.

Documents for transfer of the building to ISU were completed at the end of 2007. It will officially be handed over to ISU in July 2009, or if possible, sooner. The GSA’s lease on the building expires in September 2009. At that time, ISU is expected to begin Phase III, which will formally convert the building into the College of Business. Part of that project will include narrowing Cherry Street and adding green space on the north side of the building to slow traffic. In addition, the building may be linked to ISU’s adjacent John T. Myers Technology Center. Various tunnel and bridge options are being reviewed by architects.

ISU students could move into the new College of Business in 2011 or sooner, said Dr. Nancy Merritt, dean of the College of Business, right around the time that the current class of freshmen will graduate.

"Indiana State University and the College of Business are extremely grateful and pleased to be inheriting such a classic structure," Merritt added. "We share a commitment to the revitalization of this building for a new purpose and to preserve its historic nature and significance."

The total project is expected to cost $23 million, with $6 million paid by GSA. The Indiana State University Foundation has targeted a goal of $11 million to be raised from private donations as part of the University’s contribution. This fundraising effort will afford donors opportunities for naming opportunities of the instructional rooms, career development areas, offices, and other program spaces.

The College of Business plans to use the large second-floor courtroom—which contains a mural by Frederick Webb Ross of the signing of the Magna Carta—for lectures and community and university events.

ISU will also add 8,000 or 9,000 square feet onto the south side of the existing 75,000-square-foot structure to provide a larger entrance and to enable two existing north-side entrances to be preserved. The building has three above-ground floors and one below-ground level.

For more about giving opportunities for the future home of the College of Business, contact Venus Pierce in the dean’s office at (812) 237-2000 or Give Online through the ISU Foundation.

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Bayh's support (audio) - 2003