Fort Wayne wants control over how the land near Parkview Field is used, despite having no specific plan for development.One would think that officials would welcome almost any private investment downtown. Instead, the city has bought this land so that it can cherry-pick potential buyers. If the redevelopment commission tries to micromanage downtown land usage, fewer businesses will be interested in locating there. It seems like many businesses "support" downtown but refuse to move there.
Wednesday, June 29, 2011
City tries its hand at real estate speculation
The first paragraph in this article says it all: