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Fort Wayne Awarded $33 Million in Federal Funding

Good news for the City of Fort Wayne as the Mayor's office announced the city has been awarded $33 million dollars in federal funding.
"We were successful because we have a great story to tell. We are a city with great momentum."
Good news for the City of Fort Wayne as the Mayor's office announced the city has been awarded $33 million dollars in federal funding. 

WFFT's Brooke Welch was at the announcement and has more on how city officials plan to use the cash.

310 organizations, cities, and non-profits from around the country applied, 87 received funds and Fort Wayne was the only one awarded money in Indiana.

Director of the Fort Wayne New Markets Revitalization Fund, Sharon Feasel explains what set Fort Wayne apart.

"We were successful because we have a great story to tell.  We are a city with great momentum."

In 2008. the city received $15 million dollars from New Market Tax Credits Funding, which led to the completion of the Harrison building by Parkview Field. Feasel says that was a game changer for Fort Wayne.

"The new Harrison, I mean it was struggling to get fincancing because it was the great recession but once we got that, look at what's happened since then.  Ya know, another $100 million dollar downtown project has come out of the ground."

Now with $33 million dollars of this same federal funding, Fort Wayne Mayor Tom Henry says the potential uses are endless.

"Several investors and several developers who have contacted us about potential projects downtown Fort Wayne and also some right outside the core of downtown."

Housing projects, mixed use projects, additional business opportunities, the money will help continue Fort Wayne's momentum.

"Undoubtedly the Harrison has been a great success so we showed the Federal Government by investing in Fort Wayne.  The are going to see success and they will again."

Now that they've been awarded the funds, the City will being meeting with developers.  We'll keep you updated when they decided what projects the $33 million will be devoted to.
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