Is Mayor Henry withdrawing support?
May 12, 2008 by Dave MacDonald
It would appear that Fort Wayne Mayor Tom Henry is uncertain about the future of the Harrison Square Condos. In an interview with IndianasNewsCenter, Mayor Henry indicated that he and his wife may decide against purchasing a condo after all…
…Henry confirmed the developers told him his name was quickly coming up on the list to decide whether to commit.
Reporter: ” Will you buy one?”
Mayor Tom Henry\(D) Fort Wayne: ” I don’t know yet. Again, right now, we still are very excited about the possibilities. But again, it all depends on what the developer ultimately comes up with. If they stay with a full condominium design, then we’re very interested. If they go mixed-use condo and apartment complex, then we’re going to have to take another look. Or if they go completely apartment, we’ll have to take another look. Or if they put something else entirely different, I don’t know, I’m not a developer, but we are asking them to come back with a number of different options.”The fact that Henry wants to help “kick start,” as he says, the condos as mayor, could end up costing the development its most high-profile potential investor, as Tom Henry, private citizen.
Mayor Henry’s unwillingness to commit leads to speculation about the Harrison condos’ future. Such speculation gives pause to potential investors, not only about the condos themselves, but other aspects of the project yet unknown. What does Fort Wayne’s mayor know that we don’t?
Hat tip: AroundFortWayne
One Response to “Is Mayor Henry withdrawing support?”
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Hi Dave,
I hadn’t even considered possible ramifications of such a public statement by Mayor Tom Henry. I wonder if he thought this through before talking with INC? I really hope this project isn’t coming apart, but one has to wonder after the controversy last Friday over actual units sold.
It does make one wonder if some have been shying away from committing due to perceived dangers from the economy or what exactly has been said by all those potential depositors of $1,000 a condo who are now not so forth coming. It will be interesting to see how this plays out.
Stephen