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GARY â City leaders say they should finalize the sale of the Genesis Convention Center next week with Akyumen Industries, a Los Angeles-based smartphone manufacturer and tech company seeking to plant its headquarters here.Â
Akyumen plans to move its corporate headquarters into the underused convention center while building a factory on the old Ivanhoe Gardens housing site at 11th Avenue and Chase Street â where the company says they will manufacture 5G phones, tablets and phablets.
The company is acquiring 1 Genesis Center Plaza for $2.5 million that included a $150,000 down payment, Eric Reaves, head of community investment for Gary, said.
Reaves confirmed to the Common Council on Tuesday night that Akyumen has 180 days from close of sale to pay the remaining balance after the down payment â with no deadline extension opportunity.