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Electric Works project officially granted 3rd extension

There's another extension for Electric Works after Monday's Redevelopment Commission meeting.

Posted: Feb 10, 2020 11:25 PM
Updated: Feb 11, 2020 10:18 AM

FORT WAYNE, Ind. (WFFT) - This is now the third extension the project received bringing mixed feelings for the vote.

Leigh Rowan, founder of the FT. Wayne Farmers Market, hopes to one day be a tenant of Electric Works even if it takes a little while longer.

City of Fort Wayne: Electric Works Preview

"It's always nerve-wracking when someone else has the ball in their court," Rowan said.

She came to the commission's meeting Monday eager to find out if they would give the project another extension.

"We want to have them realize the impact and the positive motion if they said yes to the extension, and all the possibilities because of moving forward. Moving forward is so important to stay on track and on time,” Rowan said.

The commission moved the vote to the top of its agenda now that Electric Works announced it has an anchor tenant.

Who it is will remain a mystery until Thursday.

Redevelopment Director Nancy Townsend said they can't announce the name yet because of a non-disclosure agreement.

The commission voted 3-2 to move the deadline to April 30.

The announcement is expected to be made on Thursday afternoon for the new anchor tenant.

Local and state officials are also expected to be in attendance.

$65 million is secured for the project to happen.

The city said that funding is in place and will be released when all conditions of the Economic Development Agreement are met and closing occurs.

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