The Fort Wayne City Council has approved $10 million from the city’s Legacy Fund for the first phase of high-profile riverfront redevelopment efforts. For construction to move forward, the city’s Board of Park Commissioners must still complete the acquisition of three properties near the St. Marys River.
The first phase is expected to cost a total of $20 million. Mayor Tom Henry says "investing in our riverfront will assist us in the continued efforts to make Fort Wayne a point of destination. The positive momentum and excitement we’re experiencing in our community and region will be enhanced by our collective commitment to developing the riverfront."
Fort Wayne officials anticipate additional private developments will crop up around the city projects. Tuesday, the council also approved The Hagerman Group as the riverfront development’s construction manager.
Work could begin early next year and be complete in 2018.