Another tragic consequence of the weak economy:
The city of Fort Wayne will not buy the old Omni Source land north of downtown.
The city had an option to buy the old industrial site for about 18 months hoping to help turn the real estate into a major commercial development.
But the city says it's no longer feasible to spend more than four million dollars to purchase the land because of its tight budget.
This means we'll have to depend on the morons in the private sector, who have no idea how to properly develop a piece of property in a way that proves profitable, instead of being able to have the experts in government incentivize the site enough that it will be used in the way they know it should be. Dark days ahead, I tell you.
Comments
FIist thing ANYONE needs to do is to have an EPA and a geological SURVEY/STUDY of the area...so we don't wind up with another SUPERFUND site, or a sinking hotel...
How'm I doin' SO far, Leo?
Sound like a (real) PLAN (for a change)?
(dark days=fewer bulbs used=smaller carbon footprint)...who'da thunk?
;)
The good news is the city had all of the epa stuff analyzed etc...so whoever buys it should have a pretty clear idea of what's necessary to make it safe to develop...it's a nice sized chunk of land on a damn busy street, it would make a nice site for something I'm sure...
How about....(wait for it)......LOW INCOME HOUSING????
(Yeah, that'll go over like a pregnant pole-vaulter)
;)
"This means we