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home : most recent : downtowns May 24, 2016

2/5/2012 5:34:00 PM
2 safety nets in place to prevent collapse of Fort Wayne Harrison Project
An artist’s rendition of the completed project.
+ click to enlarge
An artist’s rendition of the completed project.

Benjamin Lanka, Journal Gazette

– With construction of The Harrison six weeks under way, the project’s developers said they will begin working diligently to fill the building with retail businesses and renters.

The better they do in securing tenants, the less likely the city will have to provide money to keep the project solvent.

The $18.5 million downtown development includes two financial safety nets for the New Harrison development team. While the programs were outlined previously, their final drafts had not been disclosed publicly. Fort Wayne officials last week released final agreements for the potential subsidies to The Journal Gazette.

Related Links:
• The Journal Gazette full text

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