City of Fort Wayne to acquire PepsiCo facility for future riverfront development
Fort Wayne, Ind. – As part of the vision to create a dynamic riverfront transformation, the Fort Wayne City Council approved an agreement with P-Americas, LLC, a wholly-owned subsidiary of PepsiCo, Inc, (Pepsi) to acquire its 6.4 acres located in the heart of the Riverfront area.
The acquisition of the 6.4 acres, which includes the distribution facility, located at 1207 N. Harrison St., will be for $4.5 million. The Redevelopment Commission’s vision for the property is utilize it to attract new private investments that will bring additional revenue to the city, providing a more compatible use to the adjacent neighborhoods and public investment in the Riverfront public space areas.
Read more: City of Fort Wayne to acquire PepsiCo facility for future riverfront development