UPDATE: 8:34 p.m.: An usher on the south side of the arena said a "handful" of fans have come to the doors unaware that tonight's game had been postponed. One of those fans was a gentleman from Kentucky, who was excited to attend his first game at Assembly Hall tonight.
We have posted video from ESPN of the actual collapse, and will have more coverage from Assembly Hall here in a short while. Stay tuned.
UPDATE 6:54 p.m.: Iowa athletic director Gary Barta released a statement just a short while ago saying that the Hawkeyes will return to Iowa City tonight.
There had been some speculation that the postponed Indiana-Iowa game would be made up Wednesday night at Bankers Life Fieldhouse, but that will not happen. No make up date has been scheduled, but the schools have been in communication throughout the day.
Indiana athletic director Fred Glass and men's basketball coach Tom Crean will address the media in just a few minutes in the Assembly Hall media room. AllHoosiers.com will provide ongoing coverage throughout the night.
A Bankers Life Fieldhouse spokesperson said the facility would like to assist Indiana in any way possible, but there are a number of things scheduled for the next couple of weeks.
There has been no word yet on when the game will be rescheduled.
According to a release sent out by IU moments ago, "Indiana University Vice President and Director of Athletics Fred Glass has announced that tonight's Big Ten men's basketball game between Iowa and Indiana will be postponed as a result of a piece of metal falling from the ceiling into seats in the lower bowl.
According to the release, roughly 6 1/2 hours before game time, a metal facing (roughly eight feet long by 14 inches wide), fell and damaged seats in the lower part of Section F, which is located in the northwest corner of the building.
"Safety is our No.1 priority," noted Glass. Our University engineers have advised us to postpone events in Assembly Hall until it can be determined what caused the facing to fall and ensure the safety of everyone attending an event in the facility."
The rescheduling of the Iowa contest and the status of tomorrow night's women's game with Michigan will be determined as soon as possible.