42°F
Sponsored by

Mayor Talks Downtown Development With WFFT

The city of Fort Wayne recently announced a new 71-million-dollar development project for the downtown area.
The city of Fort Wayne recently announced a new 71-million-dollar development project for the downtown area. The project includes tearing down some existing structures that were bought out from the city and building new retail, business and residential space. 

In a few years, downtown Fort Wayne will be home to some new buildings. Mayor Tom Henry strolled through a block of land with WFFT Local that will soon have a completely new face. 

Ash Headquarters plays a large role in the new development. John Urbahns with the city's community development explains.

"Its a national corporate headquarters that's going to be located on this block. It's a local company that has about 200 employees looking to grow to about 300-350 employees," said Urbahns.

A project this large doesn't come cheap. The grand projected total is 71 million dollars. Close to 20 million of that will come from the city to prepare the site, costs for land acquisition, the parking garage and street improvements.
 
"It's bringing employees back downtown. The jobs are very well compensated. The volume of people that are going to be coming back downtown, the residential opportunities are very exciting for the city," said Urbahns. 

The other 51 million is from private dollars. Construction should begin in March of next year and will take about two years to complete. When everything is finished, the city will have 115 new jobs paying an average of $60,000 annually, 100 new housing units, as well as retail and restaurant space. 
Page: [[$index + 1]]
comments powered by Disqus
Got a news tip to share with us? Call us at (260) 408-WFFT or e-mail the newsroom at news@wfft.com.