FORT WAYNE, Ind. (Indiana's NewsCenter) - At least three Fort Wayne city council members are applauding a move to put the heat on the out-of-town developers who still have not begun work on the Harrison Square Retail and Condominium Project.
Barry Real Estate was supposed to have completed a combination retail and residential complex outside Parkview Field 15 months ago.
The City Redevelopment Commission announced on Monday their intentions to issue a notice of default.
It could open the door for new developers to step in, and could lead to major monetary penalties against Barry Real Estate.
Republican Fort Wayne Councilman Tom Smith says, “There's got to be probably some settlement, how much that is, I don't know. But that's what's got to be negotiated, try to figure out how much value have we lost, and if we can figure that out, then we can come to a settlement."
Democrat Fort Wayne Councilman John Shoaff also endorsed the notice of default, "I think there is a lot for them to be examining. There's a lot for them to be thinking about and I hope the thinking will be vigorous and inventive. We should have a range of ideas and options in 90 days when this thing presumably should come to some kind of a head."
Republican Fort Wayne Councilman Tom Didier believes something positive will happen at Harrison Square.
He said when the 90 days are up, hopefully city leaders will have some concrete answers.
Meanwhile, Fort Wayne Director of Redevelopment Greg Leatherman will attend next Tuesday's City Council meeting.
Leatherman will take questions and tell council members how the city plans to enforce the stalled Harrison Square Condo contract.
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