00;00;00;02 - 00;00;15;00
Thomas Ouellette
Jeffrey Brown is CEO of Schahet Hotels, a majority owner of the Cantio at the corner of McKinley and University Avenues. He says cost overruns on the new hotel is due to a number of reasons, including added features and importing materials.

00;00;15;02 - 00;00;26;24
Jeffery Brown
Tariffs has definitely impacted us, unfortunately, in the wrong direction. That's really risen some of the costs. Some of it is just getting things made and getting them shipped.

00;00;26;26 - 00;00;39;24
Thomas Ouellette
The hotel is attached to a new Ball State University Performing Arts Center. Brown says the projects have a combined cost of more than $60 million. The buildings anchor a corner that's been the traditional entrance to the village.

00;00;39;28 - 00;00;48;09
Jeffery Brown
We've already heard from people around here. Even food restaurants that are looking forward to us coming just because of the people will attract coming into this area.

00;00;48;13 - 00;00;58;03
Thomas Ouellette
Officials say the Performing Arts Center is on track to open in December, with the hotel set to open in early 2027. I'm Thomas Ouellette in Muncie.