Terre Haute, In. – Representatives from Studio Axis informed The Vigo County Capital Improvement Board on Wednesday that the estimated cost of renovating the Indiana Theater will be over $28 million.  The study shows that the 100-year-old building is in pretty good shape but there are many issues that have to be addressed. Construction work will cost $22,399,480, with an additional $6 million covering furniture, fixtures and equipment. That translates into a cost of $450 per square foot.