FWCS formally signs letter of intent to lease Electric Works space

The FWCS board of education approved the letter of intent Monday.

Posted: Jun 10, 2019 10:46 PM
Updated: Jun 10, 2019 11:16 PM

FORT WAYNE, Ind. (WFFT) - Fort Wayne Community Schools officially intends to lease space in Electric Works.

The FWCS board of education approved the letter of intent Monday.

FWCS is working on developing a new STEAM (Science, Technology, Engineering, Art and Math) program for the 26,000 square foot facility.

"We think it gives students to work directly with businesses so it increases our internships," said Faye Williams-Robbins, Chief of Student, Family and Community Engagement for FWCS.

Details of the lease are still being negotiated, which has to be done in August.

As part of the Redevelopment Agreement between RTM Ventures and the city of Fort Wayne, developers need to secure a number of signed leases to get $65 million of local funding, $10 million is coming from the Legacy Fund, by the end of November.

RTM Ventures partner Kevan Biggs said only letters of intent have been signed and his team is working on turning those into signed leases.

"There are different strategies we can deploy to help bring the project together," said Biggs.

Construction on Electric Works is expected to begin by the end of 2019 and take about two years.

Some environmental remediation is already happening on the campus.

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