H-T reporter Steve Hinnefeld has been in Gary this afternoon covering the IU trustees meeting as they have discussed replacing Assembly Hall. Here is a quick report Steve has provided over the phone.
The trustees today endorsed the idea of replacing Assembly Hall, but provided no timeline for replacement, using the words “when it is appropriate.” The possibility of renovating Assembly Hall was taken off the table.
Architects gave the trustees an estimate of $130-160 million to replace Assembly Hall, including construction costs and all necessary equipment for the new arena. Construction alone would cost $96-$118 million, they estimated.
Steve will provide a complete report on today’s discussion in tomorrow’s newspaper and on HeraldTimesOnline.com. I think we will see in his report that the question of when Assembly Hall is replaced revolves largely on when funding can be identified and raised for this project given the other major facility improvements the athletic department already has underway.