FORT WAYNE, Ind. (WFFT) - Taxpayers will be reimbursed for streetscape along The Landing.
Funding for the streetscape along Columbia Street downtown was tabled at city council a few weeks ago.
That's because many council members felt the streetscape would trigger a clawback clause in the project's legacy funding.
Now, the TIF money generated from the landing will pay the tax payers back.
"With this compromise, we do make sure The Landing goes forward and at the same time the taxpayer is paid back, and therefore they are not asked to pay an additional cost to The Landing," said councilman Russ Jehl who brought the compromise to the table.
Jehl said he hopes this will be an example for other TIF districts.
The Landing is expected to open next year.
- The Landing streetscape project gets council funding
- West Columbia Streetscape open to the public
- The Landing project at risk of losing funding
- City Council approves Electric Works funding
- Council members updated on Legacy Fund status
- Electric Works Legacy Fund request moves to city council
- City Council creates study committee for legacy fund process
- City council discusses resolution for Electric Works project
- City council holds off on "quality of life" projects
- Indiana facing larger school funding gap than projected