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New point person appointed on Electric Works, city councilman considers tax credits for funding

Earlier this week city councilman, Russ Jehl, introduced a resolution related to new market tax credits. In February, Fort Wayne was one of 73 cities nationwide to get the credits.

Posted: May 4, 2018 6:13 PM

FORT WAYNE, Ind. (WFFT)- The CEO of Greater Fort Wayne Inc, Eric Doden announced he's stepping down. He appointed Executive VP of Economic Development, John Urbahns, as the new point person for Electric Works.

"With my history at the city of Fort Wayne and here at Greater Fort Wayne, I think they believe that I have the ability to pull everybody together and figure out how to get this project done," Urbahns said.

It's a move city councilman, Russ Jehl, said will hopefully move the project along.

"The announcement of this transition offers a clean slate for GFW and Fort Wayne City Council, and I think also County Council," Jehl said.

Earlier this week Jehl introduced a resolution related to new market tax credits. In February, Fort Wayne was one of 73 cities nationwide to get the credits.

"The city of Fort Wayne has been afforded 55 million dollars of new market tax credits, and the developer of GE has asked for 20 million dollars of those tax credits," Jehl said.

That's 20 million dollars on top of the 65 million already agreed upon. But Jehl said that money should be used to fill the gap in funding the project.

"I'm bringing this resolution which says that community development should not have two separate deals, and that anything having to do with new market tax credits should be a part of a larger deal," he said.

Jehl hopes Urbahn's role in the project will mend relationships, and tax payers won't take a hit.

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