Indiana NewsLocal News

Legacy Committee advances Electric Works request

(Photo Supplied/Greater Fort Wayne Inc.)

FORT WAYNE, Ind. (WOWO): A proposal for money from Fort Wayne’s Legacy Fund for the Electric Works development has moved forward.

The city’s Legacy Joint Funding Committee advanced a proposal from developers RTM Ventures for local funding for the mixed-used project on a 7-2 vote Wednesday.

The Journal Gazette reports the Committee didn’t specify just how much money would to go to the project, which the developers say needs a total of $65-million in local dollars to move forward.

One possible option is to approve the $13.6-million request but to split it between a $7.6-million grant and a $6-million loan.

A final decision will come in the near future. Mayor Tom Henry, whose support for the project has come into question recently, urged the Committee to support the project.

Related posts

Public Hearings Scheduled for Rail Improvements

WOWO News

Hammond Woman Sentenced in $1.4M Embezzlement

Kayla Blakeslee

Flu deaths in Indiana rise to 230

Network Indiana

Leave a Comment