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Electric Works talks continue

A redevelopment agreement was scheduled to be presented to the redeployment commission Monday.

Posted: Aug. 13, 2018 9:48 PM
Updated: Aug. 14, 2018 3:23 PM

FORT WAYNE, Ind. (WFFT) - The city of Fort Wayne says it is continuing negotiations with the developers of the Electric Works project.

A redevelopment agreement was scheduled to be presented to the redeployment commission Monday, but that didn’t happen.

Instead the city and developers issued a statement saying the discussions will continue.

In June the city released a draft version of the agreement, where the city, county and capital improvement board would put the $65 million developers say they need.

Developers say that money needs to be secured by the end of the month for the project to work.

However, a city spokesman told FOX 55 News last week discussions conintue to be positive.

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