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Regional Cities: Fort Wayne First to Receive Funds

Friday, June 17, 2016

After last month’s approval by the local RDA, the last obstacle was approval on that request by the Indiana Economic Development Corporation (IEDC). Now that the IEDC has approved $2.8 million towards this project, it is not just a boon for the area but represents the first disbursement of Regional Cities Initiative funding in the state of Indiana.

Skyline Tower is part of the Ash Skyline Plaza and Skyline Garage development in downtown Fort Wayne. The 12-story Skyline Tower will feature 124 apartments, retail on the first floor and office space on the second floor. Earlier in May, officials cut the ribbon to open Skyline Garage, a 1,100-space parking garage which is owned by the city. Adjacent to Skyline Tower is Ash Skyline Plaza, which will soon feature some major tenants that will be moving employees to the building soon, including Ash Brokerage itself which started operating out of the building at the end of May.

“Skyline Tower is going to be a tremendous addition to our downtown as we continue to see momentum and record investments in Fort Wayne,” said Mayor Tom Henry. “The City of Fort Wayne appreciates and values the commitment by the IEDC and RDA to move unique initiatives forward to enhance current and future economic development opportunities. Projects like Skyline Tower strengthen our position as a regional destination place for individuals, families and businesses.”

The purpose of the Regional Cities Initiative funding is to attract and retain talent by providing financial support game-changing quality of place projects. Last year, Northeast Indiana was one of three winners of Regional Cities grants with its Road to One Million Plan.

 

Regional Cities Initiative

www.iedc.in.gov/programs/regional-cities-initiative/home

 

Road to One Million

www.neindiana.com/vision/the-vision/regionalcities

 

Greater Fort Wayne Inc.

www.greaterfortwayneinc.com