FORT WAYNE, Ind. (Indiana's NewsCenter) -- Fort Wayne city council unanimously approved the agreement with Indiana Michigan power. Under the agreement, all litigation from both parties will be dropped, and I & M will pay Fort Wayne 39.2 million dollars over the next 15 years. 5 million dollars will come as an upfront payment.
Fort Wayne City Council member Tom Didier said, “It was like the perfect storm at first because it started out a little stormy with the Mayor coming across and saying here's what we're going to do and I think overall it was somewhat of a gamble, but it worked out for the citizens of Fort Wayne.”
Council members have not yet decided how this money will be spent.
What are your thoughts CLICK HERE to leave us a "Your2Cents” comment.
© Copyright 2013 A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.