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Fort Wayne Metals signs letter of intent to locate at Electric Works

Fort Wayne Metals has signed a letter of intent to lease space at the former General Electric property with initial plans for dedicated space for materials research and development.

Source: Inside Indiana Business

Electric Works mentioned in Irish Times

Fort Wayne Electric Works was highlighted in Dublin-based Irish Times on the rebound of Rust Belt cities.

“Even as other major cities in the region, such as Pittsburgh, have growing economies while losing population, Fort Wayne is both growing its economy and adding residents – a 25 per cent increase between 2000 and 2013.

“The big money remains  [with] established legacy corporations – universities, health services groups and city authorities – that are ponying up the cash to fund multimillion dollar projects such as the Dayton Arcade and Fort Wayne’s Electric Works.”

Read more here.

Community Foundation of Greater Fort Wayne announces investment in Electric Works

The Community Foundation of Greater Fort Wayne has announced a $500,000 investment in Electric Works.

Source: Community Foundation of Greater Fort Wayne

Council Approves Legacy Grant

In a 6-3 preliminary last night, the Fort Wayne City Council approved a $10 million Legacy Fund request – an essential funding component of the Electric Works redevelopment project south of downtown, writes the Journal Gazette.

“This is the biggest neighborhood investment that Fort Wayne has ever had, and it shows we want to lift up the community that surrounds Electric Works and to give the residents hope that their neighborhood will improve,” council member Geoff Paddock said.

Read more here.

Parkview Health Announces Commitment to Lease Space

Officials from Parkview Health and RTM Ventures, the development team behind Electric Works, are in the process of finalizing a 10-year agreement for Parkview to be a tenant in the historic redevelopment project. This announcement marks the first significant lease commitment since the adoption of the local Economic Development Agreement.

Read more here.

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