Terre Haute looking toward next chapter – Inside INdiana Business

The city of Terre Haute has seen several major changes recently.

The city has a new mayor—the youngest in its history—as well as a new president at Indiana State University, a new casino that opened with great fanfare and big crowds in April, renewed investment in the city’s downtown, and a general feeling that west central Indiana is ready to make a statement.

That feeling was evident as more than 300 business and community leaders filled the floor at the Hulman Center on the campus of ISU for a conversation on important issues facing the regional economy as part of our Engage Indiana series.

“Terre Haute and west central Indiana spent a lot of time planning and doing research and really feeling what we could do to increase our population and increase per capita income,” said Jon Ford, chairman of the Wabash River Valley Regional Development Authority. “And right now, it’s all kind of coming together, along with new talented people moving into our area.”

Terre Haute Mayor Brandon Sackman says the optimism is well founded, pointing to more than $80 million in downtown projects in the pipeline, including a new Courtyard Hotel on Wabash Avenue with walkways connecting to parking and additional hotel rooms.

The investment, which includes the restoration of the historic Indiana Theatre, is all part of a new vision for the city’s downtown.

“What we’re really doing is saying, ‘Hey, it’s not going to be like 50-60 years ago…but some of the characteristics will come back,” Sakbun said. “And that’s what’s important is we’re not going to go back to what the past was, but we’re going to build off of it and move towards the future.”

The bet on Terre Haute’s comeback is also riding on a $290 million casino and hotel that opened in the spring to big crowds and a boost to the region’s tourism efforts.

“We had over 12,000 people come in that first weekend,” a casino spokesperson told IIB. “We were just absolutely slammed. It was so great to see. We had people starting to line up starting at 6 a.m. that morning; we opened our doors at 11, and ever since then we’ve been open.”

After years of talk, efforts are moving forward around a Wabash River master plan focused on accelerating riverfront development and quality of place initiatives—all moves the mayor says position Terre Haute and the Wabash Valley to compete.

“It was not too long—decades ago—that Terre Haute was was beating the Muncies of the world, competing with the South Bends, the Evansvilles, the Fort Waynes,” said Sakbun. “So we’re really taking that hard look in the mirror saying, ‘Hey, let’s pivot and change some things up,’ and that’s what we’ve done through elections, through new leadership at organizations, and I strongly believe you’re going to see a lot of activity in the next 18 to 24 months, which will pay off not just for the next two years but the next two decades.”

One of the biggest issues facing communities in the Wabash Valley and throughout the state of Indiana is available housing. Just south of Terre Haute in Knox County, the city of Vincennes is taking the issue head on with a $35 million apartment project.

It comes as work begins on the $83 million AgroRenew bioplastics plant that is expected to create more than 250 jobs. Knox County Indiana Economic Development CEO Chris Pfaff says growth opportunities will drive demand for even more housing options.

“Now with the AgroRenew project, we’ve really got a unique opportunity to build a bioplastics cluster in this region, whether that’s right in Vincennes or Knox County or even in our surrounding community.”

Officials say increased communication and collaboration among local stakeholders has been key to the region’s growth thus far and will continue to be important moving forward.

Story Continues Below