Mayor Says "Definitive Agreement" for the Harrison Project to Come Next Week

By Maureen Mespell
By Scott Sarvay

August 31, 2011 Updated Aug 31, 2011 at 5:30 PM EDT

FORT WAYNE, Ind. (Indiana’s NewsCenter) - Fort Wayne Mayor Tom Henry released the following statement regarding Wednesday’s deadline with “the Harrison’s” developers.

“There are deadlines. And there are deals. I believe in making good deals for the people of Fort Wayne. That’s why I believe in The Harrison.

Furthermore, I believe in Mark Hagerman and Simon Dragan. They believe in this project and they believe in Fort Wayne. They’ve told me they are working tirelessly to bring The Harrison to a positive conclusion. I believe them. They are men of their word.

This afternoon they shared some encouraging news with me. They report that all issues of substance have been resolved between PNC Bank and New Harrison, LLC. Late today the City viewed evidence of the development team’s ability to proceed with bank financing, and a definitive agreement with the City should come the following week.

I believe in the inherent strength of The Harrison and what it will add to the amazingly successful Harrison Square. I believe in the new jobs, new housing, new businesses and new investment it will add to downtown and our entire community.

As your Mayor, I know how to get things done. And I know we will get The Harrison done.“

"The Harrison's" developers were to present documents for the loans to finance the project Wednesday and sign contracts with the city under a non-binding agreement.

The developers have been working to secure funds for the $17.5 million project.

The Harrison, which would feature apartments and retail space, was supposed to have been built in 2009, but the work has been delayed by financing problems.

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