Electric Works funding clears major hurdle

Tuesday morning, Parkview Health announced it plans to lease 130,000 square feet in the project, the largest commitment so far.

Posted: Oct 16, 2018 10:37 PM
Updated: Oct 16, 2018 10:56 PM

FORT WAYNE, Ind. (WFFT) - The Fort Wayne city council preliminarily approved its portion of the funding for the Electric Works project.

In a 6-3 vote, approved putting $10 million from the Legacy Fund, $3.5 from the Local Income Tax and approved a Summit City Entrepreneur and Enterprise District (SEED) Property Tax Deduction for Electric Works.

RTM Ventures said this approval means it can focus on bringing more tenants to the project.

Tuesday morning, Parkview Health announced it plans to lease 130,000 square feet in the project, the largest commitment so far.

Indiana Tech, Fort Wayne Community Schools and a farmers market was previously committed.

Fort Wayne's city council will formally approve the funding during next week's meeting.

If the votes don't change, construction is expected to begin by June.

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