Councilors Express Concern on 'The Landing' Funding

Posted: Updated:
Work on The Landing began in February. (photo courtesy city of Fort Wayne) Work on The Landing began in February. (photo courtesy city of Fort Wayne)
FORT WAYNE -

The Fort Wayne City Council will this evening discuss a bill that could ultimately threaten funding for a more than $30 million mixed-use development project currently under construction. Two councilors have expressed concern over the bill, which requests $1.4 million for streetscape improvements at The Landing.

The council says the bill could possibly trigger a claw back of Legacy Funding previously approved by the council. In 2017, developer The Model Group Inc. was awarded a $2.5 million loan from the city's Legacy Fund, which came with a provision that no additional public funding would be requested.

Councilor Paul Russell Jehl, who represents the city's 2nd district, says the purpose of the claw back provision "was to insure that we have the ability to evaluate the total cost of a project before investing in it. We were assured that there would be no additional funding requested, so no public funds can be invested after the fact. Council should evaluate the streetscape proposal with caution."

However, Fort Wayne Redevelopment Director Nancy Townsend says the streetscape bill is not a part of The Model Group's project and was never a part of the Legacy Fund loans requested by the developer. In a statement provided to Inside INdiana Business, Townsend says the streetscape work is simply being done in conjunction with The Landing construction in order to avoid unnecessary excess costs.

Thompson's full statement: 

The West Columbia Street streetscape is part of the City of Fort Wayne’s comprehensive downtown streetscape plan, which will link the Arts Campus with the County Plaza, then The Landing and finally north to the Riverfront. It is appropriate to install this portion of downtown streetscape now while construction is underway, thereby ensuring the streets and sidewalks will not need to be re-built twice, costing additional dollars.

It is historically City government’s and the Redevelopment Commission’s responsibility to complete streetscape projects; sidewalks, roads, street trees are all public property and as such the infrastructure is designed and installed by City government.  The work is completed in conjunction with private projects in order to be as efficient and cost-effective as possible.

The West Columbia streetscape was never part of the Legacy loan requested by the Model Group because it is not part of the developer’s project. The scope of work outlined in the loan request was for the revitalization of seven historic buildings and the construction of one new building.

The streetscape work was bid through the standard public works process through the Fort Wayne Board of Public Works.

The council says the additional funding would be used to complete the streetscape work for The Landing and would come from CEDIT and Public Works dollars. The new bill, and possible revocation of previously-awarded funding, will be discussed at the meeting, which is scheduled for 5:30 p.m. at Citizen's Square. The meeting is open to the public.

Work on the $30 million development began in February. The project includes the restoration of seven historic buildings and construction of one new building. It will feature 70 apartments and 56,000 square feet of commercial and retail space. The project is expected to be complete next summer.

  • Perspectives

    • Are You Sacrificing Your Retirement for Your Adult Kids?

      Based on statistics, you are! A whopping 63 percent of parents have actually sacrificed their financial security for the benefit of their children, while 72 percent say they’ve put their children’s interests ahead of their financial retirement needs. What does that look like in dollars? Parents contribute $500 billion to adult children annually - half of what they contribute to their own retirement accounts! Where Do the Dollars Go? According to a June 2018 survey conduc...
    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Blue Buffalo makes natural cat and dog food and treats, which are sold nationwide.

      Blue Buffalo to Open $200M Richmond Facility

      Connecticut-based Blue Buffalo Pet Products (Nasdaq: BUFF) will Monday hold a grand opening for its $200 million manufacturing facility in Richmond. The natural pet food producer plans to create up to 165 jobs in Wayne County. Governor Eric Holcomb and Richmond Mayor Dave Snow will join company executives Monday morning for the grand opening. The facility, which includes a research and development center, is Blue Buffalo's second in the United States. When the company announced...
    • Are You Sacrificing Your Retirement for Your Adult Kids?

      Based on statistics, you are! A whopping 63 percent of parents have actually sacrificed their financial security for the benefit of their children, while 72 percent say they’ve put their children’s interests ahead of their financial retirement needs. What does that look like in dollars? Parents contribute $500 billion to adult children annually - half of what they contribute to their own retirement accounts! Where Do the Dollars Go? According to a June 2018 survey conduc...
    • Jones talked about the new offering on this weekend's edition of Inside INdiana Business With Gerry Dick.

      Academy Targets ‘Red Hot’ Cyber Job Market

      The founder of Fishers-based Eleven Fifty Academy believes two new course offerings can help fill a growing cybersecurity job market in Indiana and he plans on rolling out the curriculum in markets statewide.  Scott Jones says the full and part-time courses, which feature a “cyber range” to give students hands on experience, are the first of their kind in Indiana. "We teach it in twelve weeks and you come out with two industry certifications that virtually...

    • (photo courtesy Indiana FFA Organization)

      Indiana FFA to hold 90th Convention, Elect State Officers

      The Indiana FFA's 90th State Convention runs Monday through Thursday at Purdue University. The convention will include community service projects, competitions, workshops and the election of state officers.

    • Purdue Board Approves Tuition Freeze, Construction

      The Purdue University Board of Trustees has approved the previously-announced tuition freeze for the 2020 and 2021 fiscal years, as well as the university's 2020 operating budget. Purdue says the total cost of attending the university's West Lafayette campus will continue to be less than it was in 2012. The board also approved the fee schedule for both years with general fees being held steady, except for flight program fees. Two major construction projects also received approval...