FORT WAYNE, Ind. (WFFT)- Councilman John Crawford says that Mayor Tom Henry's administration is putting the Electric Works project at risk for not taking immediate action when it comes to issuing bonds.
"Even though they say the administration has been saying they're for this and saying they're going to get things going, very little action has happened," said Crawford.
The project is a rejuvenation of the General Electric campus. If everything goes well the city will get $50 million from the state in tax credits, and another $50 million in federal tax credits.
"To get those you have to get a certain amount of local match, and we have to come up with a certain amount of local funds and that has to be done relatively quickly," said Crawford.
According to Crawford, developers say that if work on the project doesn't start by July 1, the city could lose out on the state and federal funding.
"We shouldn't be as far behind as we are, had we started when should've and got on it really really quickly then I think we'd be okay."
John Perlich, spokesman for the City of Fort Wayne says they're working on a daily basis with the developer on all of the aspects of the project.
"This is a large-scale once in a generation project that I think you have to be careful not to try to rush things.
Perlich says Henry's administration continues to support the Electric Works project. When asked if they'll make some of the developer's deadlines Perlich says, "We need to take it step by step and make sure that we're doing everything we can so this will be a long-standing asset for years to come, and that's what we hope will actually happen."
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- Councilman says mayor doesn't need council's permission to spend $500,000 on Electric Works
- New point person appointed on Electric Works, city councilman considers tax credits for funding
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