The development team behind the Electric Works mixed-use innovation district in downtown Fort Wayne is set for a major announcement this afternoon.
Governor Eric Holcomb will join city officials and developers to announce the company that will serve as the anchor for the $440 million redevelopment of the former General Electric campus.
Plans for the massive project have been in place for more than three years. In September, developer RTM Ventures said it had secured commitments for more than 250,000 square feet of space, which includes the master lease of the Electric Works Innovation Center and food hall and public market.
Late last month, the development team sought an extension of its economic development agreement with various city and county agencies for $62 million in public funding. If approved by each agency, RTM Ventures would have until April 30 to secure private financing commitments, with a closing date no later than June 30.
Mayor Henry has given his support of the extension, which has also been approved by the city’s redevelopment commission and the Allen County Fort Wayne Capital Improvement Board.
Inside INdiana Business will be on hand for the announcement. We’ll have more in Thursday afternoon’s INside Edge and Friday’s Morning Briefing e-newsletters, as well as this weekend’s edition of Inside INdiana Business with Gerry Dick.