KEY FINANCING PIECE IN PLACE FOR THE HARRISON
Mayor Heartened by Completion of New Markets Tax Credits, Ongoing Site Work
Fort Wayne, Ind. – Mayor Tom Henry today confirmed that the New Markets Tax Credit component of the financing package for The Harrison has been secured and deployed. With this news, the last section of Harrison Square hits another important milestone along its development path.
These federal tax credits represent an essential portion of the funding for the estimated $18.5 million project that will bring new housing, office and commercial options into downtown Fort Wayne. This element was coordinated by the City of Fort Wayne through its Fort Wayne New Markets Revitalization Fund, working in concert with the principals of New Harrison, LLC, and PNC Bank.
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