TERRE HAUTE, Ind.  – The Vigo County Capital Improvement Board agreed to a guaranteed maximum price for the new downtown convention center of $24,633,000.

The guarantee is only for the next 90-days and would cover the cost of the building, and the parking garage.

The CIB must still close on the purchase of some adjacent property to be able to sell bonds for the project.

The board met in an executive session to discuss the properties it needs to buy to build the convention center and that could be approved at the board’s next meeting on September 18.