FORT WAYNE, Ind. (WFFT) - Fort Wayne's Legacy Fund has about $7.4 million left in the bank.
City council members were updated on the fund during Tuesday's meeting.
It was a big year for the fund with the largest project being a $10 million grant for Electric Works.
If the city were to award the money left in the account it wouldn't be 2034 until the fund is back to $32 million where the city likes to keep the fund.
The Legacy Fund was created when the city of Fort Wayne sold its electric utility to Indiana Michigan Power.
Indiana Michigan Power is still making payments into the fund.
- Council members updated on Legacy Fund status
- City Council creates study committee for legacy fund process
- Electric Works Legacy Fund request moves to city council
- Electric Works worthy of legacy funds
- City Council approves Electric Works funding
- The Landing streetscape project gets council funding
- Council members upset over North River purchase agreement
- Council members cautiously optimistic about North River deal
- City council members: Electric Works arena is a bad idea
- World Baseball Academy wants to use Legacy Funds for new lights