FORT WAYNE, Ind. (WANE) A grant worth $2.8 million has been approved for the 12-story Skyline Tower project in downtown Fort Wayne which will house apartments along with retail and office space. The announcement came Tuesday afternoon during a news conference hosted by the Northeast Indiana Regional Development Authority Board. The grant is the first in the state for the Regional Cities initiative.
The grant money was approved by the Indiana Economic Development Corporation. Great Lakes Capital is developing the Skyline Tower which is adjacent to the Ash Skyline Plaza and the Skyline Garage which are located on a tract of land bordered by Wayne, Harrison, Berry and Webster Streets.
The Northeast Indiana Regional Development Authority is governed by a five member board representing the counties of Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells and Whitley. It’s part of the Regional Cities Initiative which was created with the goal of making Indiana a magnet for attracting talent and creating a national identity for Indiana cities.
A goal of the initiative is to increase the population of the 11-county region to one million by 2020 as a means to spur economic growth which is based upon the belief that the single biggest threat to economic development in Indiana is population stagnation and the way to accomplish that goal is to aggressively develop quality of place assets.