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Commission grants extension to CoreWeave development agreement amid NIPSCO issues
Summary
The commission approved a second amendment giving Decennial Group LLC/CoreWeave additional time through June 30 to satisfy contingencies related to utility (NIPSCO) power issues; staff said the developer previously received a roughly one-month extension and expects no further extensions.
Commission staff asked the Hammond Redevelopment Commission to approve a second amendment to the development agreement involving Decennial Group LLC and CoreWeave Incorporated, citing contingencies tied to NIPSCO power issues.
A staff presenter said the developer had previously received an approximately one-month extension and "the developer has determined that they need an additional extension through June 30." The presenter urged commissioners to approve the brief extension, saying the project is "very close." After a motion and second, the commission approved the second amendment by roll call (5–0).
Staff characterized the project as a financially beneficial redevelopment for the city and said they did not expect further extensions beyond the new June 30 date.
