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MAYOR HENRY SUPPORTS REDEVELOPMENT COMMISSION'S VOTE TO EXTEND ECONOMIC DEVELOPMENT AGREEMENT FOR ELECTRIC WORKS PROJECT

April 29, 2020 – Mayor Tom Henry supports today’s vote taken by the Fort Wayne Redevelopment Commission to approve an additional extension to the economic development agreement for the Electric Works project. The action took place during today’s monthly meeting of the Commission.

RTM Ventures, the development entity for the Electric Works development, made a formal request to have the agreement extended for a fifth time to allow for additional time to finalize private financing and secure tenants. The new milestone dates are June 30, 2020 for financing commitments to be met and September 30, 2020 for the closing on the transaction.