FORT WAYNE, Ind. (WOWO): Three planned developments for downtown Fort Wayne each took a step forward yesterday.
The city’s Redevelopment Commission approved three agreements unanimously Monday: first, tax credits for a boutique hotel involving the co-founder of Vera Bradley and an Oregon-based company, which will include 125 rooms, a hotel restaurant and bar, and retail space, according to the Journal Gazette.
Also approved were plans to convert the former Cambray and Associates building into a new Hall’s restaurant near the riverfront development, and a 25-year lease agreement for a parking garage that will be attached to a multi-use development on Superior Street, with the City receiving an option to buy the garage once the lease runs out.
That lease will cost the city $1.5-million a year.