FORT WAYNE, Ind. (WANE)- Fort Wayne is one step closer to knowing what will happen with the old GE site downtown.
“This project and the size of it could lead to over a billion dollars of private investment around it and that’s what excites us from an economic development perspective,” Eric Doden, CEO of Greater Fort Wayne, said.
Greater Fort Wayne has worked with GE and the city discussing potential ideas for several months.
They’ve done a lot of work but Doden says this is just the beginning.
“This is just a big step in a journey to take this from where it is today to something really adds to our community for generations to come,” he said.
GE will use the services of CRBE Incorporated, an investment adviser based in Indianapolis.
They’ll help market the property and find interested buyers.
The communications leader with GE says the decision involves acknowledging what will benefit the Fort Wayne community and the local market.
“One of our core values is to meet our responsibilities to the local communities which does include seeking opportunities to return our properties to appropriate, productive, and a reuse,” Matt Conkrite, Communications leader for GE, said.
Mayor Tom Henry issued a statement saying he appreciates and support GE’s commitment. Henry also mentions the continued effort of the community coming together, an effort GE also notices and appreciates.
“We see that the city is making development plans. And that there’s some investment from the state to help them do some of these things. So we think that the city will look pretty attractive to potential developers,” Conkrite.
The City of Fort Wayne appreciates and supports GE’s commitment to moving forward to explore future development opportunities. 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.”
GE will likely have a lot of options to consider but they’re actually hoping to make a decision rather soon.
They told NewsChannel15 they’re hoping to narrow it down and make decisions as early as late summer, early fall.