New deal in discussion to finalize Electric Works project
New deal in discussion to finalize Electric Works project
The economic development agreement to develop the old GE campus was cancelled on Aug.
3, but in the past few weeks, Fort Wayne City Councilman Glynn Hines says new discussions between local business leaders and Mayor Tom Henry have developed.
Evening, i'm hunter petroviak.thanks for joining us.a new plan to finalize the electric works development agreement is in discussion and has put an investigation on paus caleb saylor was at city council tonight and is live with the details of these talks and what it means for the electric works project.caleb?a vote to conduct an investigation surrounding the termination of the electric works development agreement has been put on hold because new discussions have come to light between mayor tom henry and a group of local business leaders who are interested in making sure the electric works deal gets past the 3 finish line.?
$280 million dollars and potentially 500 jobs lost, that what fort wayne would be losing if electric works doesn happen.
The economic development agreement to develop the old ge campus was cancelled on august third, but in the past few weeks, fort wayne city councilman glynn hines says new discussions between local business leaders and mayor tom henry have developehe capital improvement board meeting with they terminated the eda, that turn the switch for the community, for us just say wait a minute we have to step up and do something.
So, those businessmen stepped up, and started meeting with the mayor that week.
Group of business leaders led by tom kelley and chuck surack have been discussing plans to get the project started, with rtm ventures as co-developers on the project.
Council president tom didier says he co-sponsored the bill with councilman hines that would start an investigation because they had no other choice if they wanted to keep do it best hq.
" we knew that the federal government had put dollars in oh, we knew that the state had put dollars in, we knew that the city had already put money in.
The county had already put money in, so this was an extremely important development and our biggest reason... we do not want to lose do it best.
They're that important to the city of fort wayne.
Now, the vote is on hold as city council awaits more specific details from the mayor and business leaders, but hines sae been in contact with the group, and even after rtm ventures showed it has all of the money for the project, one of the banks has stepped up to put in more money to flip the switch on electric wore want to have do it best stay in allen county and be resident at the electric works facility and see electric works, almost 300 million dollars project be a success.
?hines says that as of now, the final vote for an investigation will take place on october 13th, with the hopes that a new deal to get electric works started comes together in that time.
Reporting live in fort wayne, caleb saylor fox 55 news
