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Mayor warns data-center deal will expire June 30 if not finalized
Summary
Mayor said NIPSCO is ready but the city will not indefinitely extend the data‑center agreement; he set a June 30 deadline and said a contract is in place if the project completes before then.
The mayor told the Common Council that the long‑running data‑center negotiation has reached a critical point: NIPSCO indicated it is ready to proceed, but the city will not continue to grant open-ended extensions and the deal will expire on June 30 if not finalized.
"On June 30, this deal dies," the mayor said, adding that if the project closes before that date the city has a contract and would welcome completion. He characterized the last two years of negotiations as significant; if the deal fails, he suggested the city would reassess strategy before pursuing further action.
Council members did not take formal action on the item at the meeting. The mayor framed the deadline as firm but left open the possibility the council would reconvene to consider next steps if the deal did not close.
