City of Fort Wayne purchases the Palace Restaurant for $2.4M

The City of Fort Wayne Indiana has purchased the Palace Restaurant on Harrison Street for $2.4 million.

The land will be used in the Harrison Square development. City of Fort Wayne officials state they will actually save almost $1.5 million on the construction of the parking garage to be built on the site. The reason: instead of having to protect the Palace during construction and instead of having to build the garage around the restaurant, it will be built in a rectangle.

Please note: This post was added to this blog on May 22, 2008 from a previous Harrison Square Timeline entry on the AroundFortWayne.com website dated February 27, 2007. The format of a blog allows for better search capabilities and chronological listing, hence it’s inclusion in this blog.

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