There are many questions surrounding Electric Works after Tuesday night's City Council meeting regarding finances, and why the Redevelopment Commission is suggesting a new developer.
Petroviak .
Thanks for joining us.
There are many questions surrounding electric works after last night's city council meeting.
Some residents asking for more transparency about the investment and why the redevelopment commission wants a new developer.fox 55's jentill neal talked to residents in the area about what's going on.
Jentill?
Bottom line hunter, residents just want to get the project done.
They're hoping the city and rtm ventures can work together to move forward.
It's only been a year betsy buckner's been living in her home.
She loves that electric works will be up the street, but she doesn't like that there isn't much certainty what will happen with it.> 15:41:01-15:41:08"they need to get something going in the building.
We need it.
Fort wayne needs it bad."with the e-d-a terminated in august and now the redevelopment commission saying they're no longer being confident in the developer rtm ventures- she wonders what exactly happened.> 15:40:28-15:40:40"what's happened should've been known to the public and kept known to the public the whole time, the whole situation and not gotten to this point."another concern for fort wayne resident reyes zamora..
What will happen with the investment if that switch happens.>15:46:10-15:46:18 "we're spending a lot of tax payers money.
Some of that comes from us.
If you start something, hopefully you would want to go through with it."
City spokesperson john perlich says the overall public investment was going to be 65 million dollars.
Allen county commissioners funded 3 million to clean up the site.
City dollars for the project is 10 million dollars in legacy funds and three point five million from local income taxes.
Those funds were set aside but was not spent due to the cancellation of the economic development a greement.
The rest of the public funding would have come from a bond from the capital improvement board of managers.
That money was not spent either.zamora is holding on to hope that everything will eventually work out.> 15:46:19-15:46:19"it will bring a lot more jobs.
Hopefully it will change our economy around."
As of right now there is a petition of two thousand signatures to move forward with electric works.
That was mentioned at last nights meeting.rather a new deal can happen is not certain.
Reporting in the studio
Tuesday, the Redevelopment Commission said they've lost confidence in RTM Ventures who is the developer for Electric Works. The..
