There is some evidence today that the Harrison Square downtown development in Fort Wayne is indeed driving up land values near the baseball stadium project.
A local blog called "Downtown Fort Wayne Baseball" uncovered that a company out of Bluffton, National Oil and Gas Incorporated, has purchased five parcels of land just outside the western edge of the 130-million dollar Harrison Square site.
Harrison Square is outlined in orange in this picture, while the new land acquisition is within the red lines on this map.
Now one of the things National Oil and Gas does is build new convenience stores, but a spokesperson for that company told me today, he's not sure if such a store will be constructed on this land, or if they'll turn around and sell it to somebody else for profit.
Three of the parcels in question sold for an average of 94 thousand dollars a piece.
Those same parcels sold last time for between 38 and 55 thousand dollars each.
Proponents of Harrison Square, who claimed the project would drive up land values downtown, can point to this and say, "i told you so."
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