Old GE Campus Could Have $1B Impact

Posted: Updated:
(Aerial image of the property courtesy of CBRE) (Aerial image of the property courtesy of CBRE)

General Electric Co. (NYSE: GE) has launched a national search for partners to redevelop its former GE Broadway Street campus in Fort Wayne. The company announced the first major step, the request for qualifications process, this morning. Greater Fort Wayne Inc. Chief Executive Officer Eric Doden, who has worked closely with regional partners in recent months to build a relationship with GE, estimates the redevelopment has the potential to spur a $1 billion economic impact on the surrounding area.

Doden says he is "as interested as anyone" in what comes of the effort. Though it is unclear at this early stage what the total investment could be, but he estimates a five-fold return for the surrounding area. "We believe that this redevelopment of approximately $250 million, give or take, we're not exactly sure exactly how big the project will be, will lead to an additional billion dollars of private investment around it. So, it's a very important strategic development for this community."

The campus has been vacant for almost a year and a half. The RFQ process is being handled by CBRE in Indianapolis and the submission deadline is July 13. Formal development proposals will be requested by GE in October and Greater Fort Wayne Inc. says the company could make a selection by year's end.

In a statement, Fort Wayne Mayor Tom Henry said:

GE's collaboration with Greater Fort Wayne Inc. is a clear indication of a collective commitment to find an appropriate use for the campus. I'm also encouraged by GE's willingness and interest in having continued dialogue with my office and Greater Fort Wayne Inc. as we come together as a community to explore ways to redevelop an important corridor in the core of our City. My staff and I are optimistic that a viable plan will be developed for the site that will complement the momentum and investments we’re currently experiencing in Fort Wayne.

The project was a major feature of northeast Indiana's Regional Cities Initiative pitch and Doden says the combination of securing the $42 million in state funding and the ongoing developments taking shape in downtown Fort Wayne helped move the project higher on GE's radar.

The facilities once employed thousands of workers. Only a handful remained in 2014 when the company announced it was pulling out of the city. In March, the iconic sign that lit up the main building was dismantled. Earlier this month, Greater Fort Wayne Inc. sent results of several public forums on reuse of the campus to GE officials. An organization called Save Our Fort Wayne General Electric Campus has been drumming up public support from a grassroots position for more than a year.

Greater Fort Wayne Inc. Chief Executive Officer Eric Doden tells Inside INdiana Business you can't overestimate the potential benefits.
  • Perspectives

    • Invest In Talent Earlier, A Proven Solution For Indiana’s Future Workforce

      As ever-changing technology and workforce needs continue to outpace advances in the classroom, the skills gap has become a widely discussed topic in the business community. Do we have the talent to fill these jobs of the future? While dialogue is important, the skills gap challenge requires real action and collaboration – most importantly, between the education and business communities. By equipping students with the skills that will be valuable to them in the future workforce...



  • Most Popular Stories

    • (photo courtesy Paoli Peaks)

      Indiana Ski Resort Included in Sale

      Paoli Peaks in Orange County is one of many ski resorts across the country being sold to Vail Resorts, Inc. of Broomfield, Colorado. The company has agreed to purchase 100 percent of the outstanding stock of Peak Resorts, Inc (Nasdaq: SKIS). The purchase price of $11 per share is subject to conditions and regulatory review, and Peak Resorts' shareholder approval.  

    • Myers: Cummins Deal Has Phone Ringing in Greenwood

      Columbus-based Cummins’ decision to locate a $35 million digital and IT hub in Greenwood is expected to bring more than 500 jobs, with average annual salaries in excess of $100,000 to the Johnson County city. But Mayor Mark Myers says the impact will extend far beyond the high tech center. Myers says the announcement has triggered increased interest in Greenwood from companies that could diversify the city’s corporate base. "To have Cummins come to Greenwood...
    • Photo courtesy of Kouts Health Care Inc

      Kouts Business Owner Indicted

      A Hoosier woman has been indicted for failing to submit payroll taxes at her two health care clinics, Kouts Health Care Inc. and Kouts Family Health Care Inc.  between 1999 and 2015. Kathy Lynch allegedly withheld payroll from her employees’ paychecks but failed to submit over $500,000 of the withheld taxes to the Internal Revenue Service. 

    • Rodney Dorsey

      Music for All Names Board Members

      Music for All has elected Rodney Dorsey (pictured) and Michael Bogers to its board of directors. Dorsey serves as director of bands at Indiana University and is also professor of music at the Jacobs School of Music, a position he has held since 2018. Bogers serves as vice president of commercial and industrial banking at The National Bank of Indianapolis.  

    • (photo courtesy of GCI Slingers)

      Manufacturer Growing in Boone County

      Zionsville-based Gravel Conveyors Inc. has announced plans to expand. The Indiana Economic Development Corp. says the company, which manufactures commercial materials placement machines, will invest nearly $7.5 million to add to its Boone County facility and create nearly 40 jobs by the end of 2022. Doing business as GCI Slingers, the company specializes in building and assembling mobile conveyors and hydraulic systems and says increasing demand from its Midwest client base led to the...