GARY — The Indiana University Board of Trustees approved the design and building plans Friday for a $45 million arts and sciences building that Indiana University Northwest will share with Ivy Tech Community College.

The building will be on the corner of Broadway and 35th Avenue, just east of IUN. The Ivy Tech campus, at 1440 E. 35th Ave., is east of the site.

City officials have hailed the new building plan and call it one of the key features of the University Park economic development plan. The building will span most of a city block, making it a significant construction project and a signature building in Gary, IU officials said.

Indiana University Northwest Chancellor William J. Lowe said in addition to expanding the academic capacity of both the IUN and Ivy Tech campuses, the venture will contribute to the redevelopment goals of Gary, focusing on investment along Broadway.

“The building will be an asset to the two institutions, the Gary community and the entire Northwest Indiana region,” Lowe said in a statement.

The facility will likely include academic and administration space for the IUN Departments of Communication; Fine Arts; History, Philosophy, Political Science, and Religious Studies; Minority Studies; Performing Arts; and Sociology and Anthropology.