Electric Works developers answer questions

Tuesday, more than 100 people attended a forum to get some answers about the project.

Posted: May 29, 2018 10:43 PM
Updated: May 29, 2018 10:51 PM

FORT WAYNE, Ind. (WFFT) - Electric Works developers continue to gather input from the community about the re-development of the former General Electric factory.

Tuesday, more than 100 people attended a forum to get some answers about the project.

Most of the discussion centered around financing.

Developers are asking for $65 million spread out among several local agencies.

The Allen County Commissioners and Capital Improvement Board already pledged a combined 3 million dollars.

"It's a big project and it's a significant amount of funding, we understand that. It's also important we go through the process and really engage folks," said Jeff Kingsberry, RTM Ventures.

Fort Wayne mayor Tom Henry said he supports spending $50 million on the project and last week announced Electric Works will be getting New Market Tax Credits.

The Legacy Joint Funding Committee also determined the project was worth using Legacy Funds.

Developers hope to get financing and start construction this summer.

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