FORT WAYNE, Ind. (WOWO): The rift between Continental Property Group and the City of Fort Wayne continues to grow.
CPG was attached to a nearly $62-million mixed-use project at the corner of Harrison and Superior Streets when the City dropped them on Monday, citing a failure by CPG to meet their end of the contract, financially speaking.
The Minnesota company first responded by saying they wanted to “re-engage” with City officials, but the Journal Gazette now reports they’ve dropped out of two other Fort Wayne projects.
They had also been connected to the North River property near Science Central and an industrial development project near the Fort Wayne International Airport. Airport Executive Director Scott Hinderman says the company suddenly withdrew from the project without much explanation, while the North River project was put on hold by City officials. Redevelopment Director Nancy Townsend cited a pending “master plan” for the next two phases of Riverfront Development.
CPG hasn’t responded to a request from the paper for comment.