FORT WAYNE, Ind. (WOWO): The future of Quimby Village became a little clearer this week.

The Fort Wayne Redevelopment Commission has given final approval to the Tax Increment Financing, or TIF, district this week, according to the Journal-Gazette.

The Fort Wayne Plan Commission and Fort Wayne City Council approved the plan earlier this year.

The district boundaries will mostly be Bluffton Road to the south, Broadway to the east, Kinsmoor Avenue to the north, and Brooklyn Avenue to the west. Property tax revenue created in the district can be captured and used for improvements within the district.

City officials hope to redevelop Quimby Village with the TIF. It was a part of Northeast Indiana’s pitch for $42 million in Regional Cities funding.