Hardball Makes $50,000 Good Faith Payment to Redevelopment Commission

By Scott Sarvay

July 11, 2011 Updated Jul 11, 2011 at 5:19 PM EST

FORT WAYNE, Ind. (Indiana’s NewsCenter) - A $50,000 check from Hardball Capital is now in the hands of the Fort Wayne Redevelopment Commission.

The CDO of Hardball says they made the first payment as a show of good faith and their commitment to the Harrison Square development.

TinCaps General Manager Mike Nutter says, “There was some recent reporting, we felt was in correct saying we missed a payment, we hadn't missed any payments, and when that reporting was heard, we contacted the city, and we thought it be best to prepay the $50,000 to eliminate, any uncertainty any ambiguity in regards to Hardballs commitment to the project.”

A ground breaking ceremony is planned in November for the $18-million project which includes a 4-story building with apartments and retail space at Harrison Square.




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