FORT WAYNE, Ind. (WFFT) - Some residents are asking for more transparency about the investment and why the Redevelopment Commission wants a new developer.
It's only been a year Betsy Buckner's been living in her home.
Buckner loves that Electric Works will be up the street, but she doesn't like that there isn't much certainty what will happen with it.
With the Economic Development Agreement terminated in August, and now the Redevelopment Commission saying they're no longer confident in the developer RTM Ventures, she wonders what exactly happened.
"What's happened should've been known to the public and kept known to the public the whole time, the whole situation, and not gotten to this point," Buckner added.
Fort Wayne resident Reyes Zamora wants to know what will happen with the money invested.
"We're spending a lot of taxpayers money. Some of that comes from us. If you start something, hopefully you would want to go through with it," Fort Wayne resident Reyes Zamora said.
City Spokesperson John Perlich said the overall public investment was going to be $65 million.
The Allen County Commissioners and the Allen County Fort Wayne Capital Improvement Board of Managers funded $3 million for the environmental clean up the former GE site.
City dollars for the project: $10 million in legacy funds and $3.5 million from local income taxes.
Those funds were set aside, but were not spent due to the cancellation of the Economic Development Agreement.
The rest of the public funding would have come from a bond from the Capital Improvement Board Of Managers.
That money was not spent either.
Zamora is holding on to hope that everything will eventually work out.
"It will bring a lot more jobs. Hopefully, it will change our economy around," Zamora said.