July 26, 2016 - A contract for final design, engineering development, construction documents, project bidding, and construction administration for the first phase of riverfront development will be discussed and possibly receive final approval at tonight’s City Council meeting. The meeting begins at 5:30 p.m. in Room 030 on the garden level at Citizens Square, 200 E. Berry St.
The contract investment of $1.7 million is part of the $6 million in Legacy funding previously approved by City Council.
As part of tonight’s discussion, Parks and Recreation Department Director Al Moll will provide an update on progress that’s been made since last week’s City Council meeting to move riverfront development efforts forward under the leadership of Mayor Tom Henry.
REDEVELOPMENT COMMISSION PROPOSES RESCINDING THREE TIF DISTRICTS AND CREATING ONE
July 26, 2016 - The Fort Wayne Redevelopment Commission is proposing that City Council rescind three TIF districts (officially known as Economic Development Areas) and create one Riverfront-Columbia TIF district. The proposals will be introduced to City Council this evening.
The three areas to be rescinded include the Washington Center Coldwater Road district, the Moeller Meyer Road district and the Baker Street district. TIF, or tax increment financing, districts are set up to assist in the development of a designated area. They allow any new property tax revenue generated by increases in assessed value within that area to be used for public infrastructure projects.