More parking downtown for students
MUNCIE -- Ivy Tech Community College, in search of more parking space downtown, has made a successful offer to buy the abandoned American Trailways bus station.
The college has been expanding into the downtown area after running out of space on its Cowan Road campus because of continued enrollment growth.
The board of trustees for the college's East Central Region voted in September to make an offer of $106,000 for the former American Trailways property at Howard and Liberty streets, one block southwest of the college's downtown Fisher Building.
While the offer has been accepted, the purchase still requires the approval of Ivy Tech's state board of trustees this month, but that is expected to be a formality.
The owners of the old bus depot had been asking $125,000, but it has been on the market for some time. The property has 32 parking spaces, and an additional 20 spaces could be added if the brick building on the site is torn down.
Ivy Tech recently constructed 85 downtown parking spaces in the block that formerly housed The Star Press. Parking there will be increased to 125 when more buildings are demolished.
MUNCIE -- The East Central Region of Ivy Tech Community College has written off $861,966 in bad debts deemed uncollectible from students for the fiscal year ending June 30.
The accounts receivable have been outstanding for longer than one year.
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