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.
