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Economic Development

Fort Wayne Trails
fort wayne trailsLegacy dollars are being used as match money for several federally funded trail projects. The trails meet Legacy criteria because they leverage significant federal funds and serve as a catalyst for additional development. Construction is taking place between 2013 and 2016 on the Rivergreenway Extension from Johnny Appleseed Park to Shoaff Park, two sections of the Pufferbelly Trail, the Engle Road Trail, the Six-Mile Creek Trail and the Covington Road Trail. Find out more about local trails.

 

Skyline Garage
Ash Rendering May 2014 wo credits smallAs part of the construction of a new Ash Brokerage headquarters in downtown Fort Wayne Wayne, the City will construct a 1,200 space parking garage to meet current needs, anticipated growth and future development. The City's investment of $39 million includes the parking garage, land acquisition, site preparation, streetscape improvements, utility upgrades, as well as other project enhancements. Funding for the City's investment in the development comes from a combination of tax increment financing (TIF) funds through the Fort Wayne Redevelopment Commission, $5 million of Legacy funds, and support from the Allen County-Fort Wayne Capital Improvement Board (CIB). No property taxes are being used to fund the City's portion of the project.

Air Service from FWA to Philadelphia and Charlotte
Improved air service, particularly to the east coast, was identified by the original Legacy Task Force as a key economic development need. As of October 2014, Legacy funds are providing a guarantee of up to $150,000 per year for two years supporting direct flights to the east coast. The City of Fort Wayne -- through the Legacy fund guarantee -- joined multiple financial partners, including Greater Fort Wayne, Inc., the Indiana Economic Development Corporation, Allen County and the Northeast Indiana Regional Partnership, in assisting the Allen County Airport Authority in leveraging a $600,000 matching federal grant to create a minimum revenue guarantee (MRG) for the purpose of attracting new direct east coast routes. The MRG guarantees the carrier a certain level of revenue from a newly established route over the first two years should the new routes underperform during the time frame. An additional $150,000 per year for two years is pledged from Community Economic Development Income Tax (CEDIT) funds to be used prior to utilizing Legacy funds.