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Waynedale Chamber Working to Improve Business Corridors

The Waynedale Business Chamber is working with the City’s Planning staff to develop a Bluffton and Lower Huntington Corridor Improvement Plan. The Chamber is interested in enhancing these business corridors in order to support its goals of business promotion and community improvements. Once the plan is finalized, it will recommend: 1) possible streetscape improvements to improve the area’s aesthetics, 2) possible improvements to make the corridors more accessible to pedestrians and cyclists and 3) possible zoning changes that would support a mix of business and residential uses.

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Complete Streets Resolution Adopted

In an effort to increase safety and healthy habits, cities across the country are looking for ways to encourage residents to do more walking and biking. That’s why on Wednesday, November 2, the Fort Wayne Board of Public Works adopted a policy that will have engineers and planners consider the needs and interests of pedestrians, cyclists, transit riders and motorists when designing or improving streets.

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Responsible Use of TIF Funds in Fort Wayne

The following is a guest column by Nancy Townsend, Executive Director of the Fort Wayne Redevelopment Commission
Several recent academic studies of Tax Increment Financing (TIF) have put this economic revitalization tool into the headlines over the last few months. Scholars and public policy analysts have attempted to demonstrate the value, or lack thereof, of TIF in stimulating economic growth. And while this sort of state-wide analysis and dialogue is important and appropriate, I want to bring this discussion to the local level with some basic information about how TIF works here in Fort Wayne.

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Skyline Tower Fact Sheet

October 27, 2016 - The $40 million Skyline Tower project is the final piece of an overall downtown development initiative of nearly $110 million that features Ash Skyline Plaza, home to the national corporate headquarters of Ash Brokerage, along with retail office and commercial space and the Skyline Garage. The redevelopment of this previously blighted block is comparable to the investment in Parkview Field, the Harrison, the parking garage and the Courtyard by Marriott hotel.

The City of Fort Wayne Redevelopment Commission is contributing proceeds of a $4 million bond, paid through tax increment financing (TIF) to the Skyline Tower.

The City of Fort Wayne’s subsidiary organization, Fort Wayne New Markets Revitalization Fund, closed and financed a $17.5 million allocation of federal New Markets Tax Credits to support the new mixed-use Skyline Tower. This provided $5.9 million in equity to the project.

Read more: Skyline Tower Fact Sheet