City assistance with Owens development: $1.3 million

A sign now sits on the corner on Market and Washington streets promoting the future development. News Now Warsaw photo by Dan Spalding.
By Dan Spalding
News Now Warsaw

WARSAW — The city of Warsaw has reached a tentative financial agreement with a developer on the future multi-use project at the site of the old Owens supermarket on West Market Street.

The city’s contribution totals $1.3 million

The agreement was approved by the Board of Public Works and Safety on Friday.

Major components of the agreement include $850,000 for purchase and the $300,000 for demolition, according to the city’s director of community & economic development, Jeremy Skinner.

Other costs include work on surveys and predevelopment fees, Skinner said.

The original plan was announced in June, but officials admit it’s been a slow process.

“I’ll just say it’s taken a while to get here, but we’re here,” said Mayor Joe Thallemer.

Financing for the plan should be finalized this spring, Skinner said.

AP Anderson, of Brownsburg, is the developer.