IUI has announced a 4,500 seat arena to be built on campus. Good for them. I witnessed many a game at the "gym" attached to the Natatorium and a few at the Fairgrounds.
Ill tell you as a current student, no one goes to the coliseum and the team still practices in the public weight lifting facility on campus. 89 mil is also pretty reasonably priced for a facility in the modern day. Shows promise for VUs current situation
With this development, the Coliseum will not have a permeant tenant as the hockey team is moving to Fishers
I lived in Fishers for 20 years or so. Now they will have Hockey, Indoor Football and Pro Volleyball less than 5 miles from where I used to live.
Here is the the venue for IU Indy. Renders were released a couple days ago. As a student, I will never see this arena as I am graduating before it is to be completed, but it is a really nice venue for a Lower-mid Major team.
https://twitter.com/iuindy_jaguars/status/1847306655878545696