FORT WAYNE, Ind. (WANE)- The numbers are in and the cost of developing The Landing in downtown Fort Wayne could be twice as expensive as initially thought. In fact, project leaders said, it could top out at more than $37 million.
“The initial number came from quite a while ago before we even selected this developer to do the project,” said Dave Sholl of Greater Fort Wayne Inc.
Still, city leaders said the price tag is well worth it, especially after they spent the day in a Cincinnati neighborhood that will serve as the template for the landing.
Over the last 13 years, Cincinnati’s Over-The-Rhine neighborhood was developed by Model Group– the same developer chosen to rehabilitate Columbia street in Fort Wayne. A group of about 30 city leaders got a look at what the developer was able to do. Now, they’ve got high hopes for The Landing.
“It was amazing,” said Dawn Rosemond, who is on the Board of Downtown Development Trust. “It was absolutely amazing to see something come from conception to reality.”
The trip to Cincinnati was described as nothing short of amazing. After the trip city leaders are more inspired than ever to put their plans in motion.
Even with the increasing cost,
Dawn: “The reality of this is we want to do it right. One of the things that the model group kept saying is that you need to make sure that it’s a home run. because if its not then it’s not the catalyst you want it to be.”
“The vibrancy and the vitality of the retail. All the new living units… it’s pretty amazing,”
Diverse in terms of food, Diverse in terms businesses. And still rich in culture.
Dave: They did a fantastic job of preserving the nature of the buildings and bringing the retail to the ground floor.”// Dawn: “they really were trying to make sure they preserved the culture and the history of the ocmmunities they were revitalizing.”//