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Mayor Henry Puts Money Where His Mouth is in Support of Harrison Square Project

By Jeff Neumeyer
June 18, 2010 Updated Jan 23, 2008 at 6:48 PM EST


The Harrison Square Condominium project may have a new investor, Fort Wayne's new Mayor.

Tom Henry made a public show of support Wednesday for the housing component of Harrison Square.

The mayor didn't actually buy one of the 62 luxury units up for sale, but he did the next best thing.

Henry handed over a check for one thousand dollars to reserve a shot at purchasing one of the condos.

The money is simply a reservation fee, fully refundable if Mayor Henry and his wife Cindy decide later not to sign on the dotted line and take ownership.

The job of offering the condos for sale comes as the nation's housing market is on a downhill slide.

We asked the head of the real estate firm in charge, if there's any cause for concern about the timing of the roll out of these units.

Bill Martin/Martin Goldstine Knapke: " The energy and the excitement is still there, so those folks are not saying, hey, we want our money back, we're uncertain about this, it's not there. It's continually people calling, saying, we want to know more about the project, can we come down and see it."

About 55 of the 62 units have had reservation fees placed on them.

There is no obligation to buy with those fees.

Martin Goldstine Knapke hopes to begin getting contracts signed with buyers in the next week or so.

The talk of recession has had some positive impact on Harrison Square.

Deputy Mayor Mark Becker says a lot of contractors are hungry for work, and as a result, the work is coming in under bid, which could save taxpayers money, or could allow some nicer amenities to be added to the baseball stadium, hotel, condos and retail components.



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