Verbatim: Ground broken for The Riverfront at Promenade Park
The Journal Gazette
The city of Fort Wayne issued this news release today:
Fort Wayne, Ind. Mayor Tom Henry joined by the Director of Community Development Nancy Townsend, developer Barrett & Stokely and other city leaders held a groundbreaking ceremony for The Riverfront at Promenade Park. The development will go up on the northeast corner of Superior Street and Harrison Street.
The city has worked closely with the Indianapolis-based development firm on this private investment since 2019. The six-story, mixed-use building will include more than 200 apartments, seven town homes, and a 900-space parking garage. There is approximately 30,000 square feet of office space and nearly 15,000 square feet of retail space. The is an investment of $88.7 million.
Mayor sees hurdles, hope ahead
Revenue dip yet to hit, but projects set to resume in 21
DAVE GONG | The Journal Gazette
With 2020 drawn to a close, Mayor Tom Henry is positive that Fort Wayne s future remains bright, although he acknowledges there are still challenges ahead.
The coronavirus pandemic has had a serious impact on the local economy, closing businesses and putting many residents out of work. That will affect the city s financial stability in the near future, Henry told The Journal Gazette this week.
“Income taxes are paid to us two years in arrears, so we re living off of 2018 money right now,” he said. “So 2022 is when we ll get hit with the 2020 situation.”