Skyline Tower Could Land Regional Cities Funding

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(Image courtesy of the city of Fort Wayne) (Image courtesy of the city of Fort Wayne)
FORT WAYNE -

A major mixed-use development in Fort Wayne could be the first to receive funding from the Regional Cities Initiative. The board of the Northeast Indiana Regional Development Authority approved a funding request of $2.8 million for the 170,000 square-foot Skyline Tower project.

The board's recommendation now goes to the Indiana Economic Development Corp. for final approval. The $40 million Skyline Tower will include 124 apartment units, retail and office space. The city announced in February the development will be the home of a Ruth's Chris Steak House.

Northeast Indiana won $42 million in funding through the Regional Cities Initiative with its Road to One Million Plan. The RDA board is responsible for distributing the money to the region. 

"While Great Lakes Capital’s Skyline Tower was not included in the original Road to One Million Plan, it directly advances the downtown and community development goals of the plan," said RDA Board Chairman Jeff Turner. "This is exactly the kind of project for which the Regional Cities Initiative is designed – to encourage investment that makes Northeast Indiana a place people want to live and work. The Skyline Tower is already attracting other exciting and vibrant investments in the central city."

The Northeast Indiana Regional Partnership says while a final contract between the RDA and the IEDC for Regional Cities funding has not been finalized, a looming deadline for funding for the Skyline Tower project led the RDA board to hear the proposal early.

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