FORT WAYNE, Ind. (WOWO): The first Regional Cities grant for the Fort Wayne and northeast Indiana region has been approved.

The Northeast Indiana Regional Development Authority has approved a $2.8 million grant for the Skyline Tower project in downtown Fort Wayne, but the Authority was quick to remind the Journal Gazette yesterday that it’s not a done deal.

The grant still needs to be approved by the Indiana Economic Development Corporation as well.

The Tower will be part of the Ash Skyline Plaza, offering residential and retail space. The area was awarded a total of $42 million for development projects last December.

“While Great Lakes Capital’s Skyline Tower was not included in the original Road to One Million Plan, it directly advances the downtown and community development goals of the plan,” said RDA board chairman Jeff Turner of Metal Technologies. “This is exactly the kind of project for which the Regional Cities Initiative is designed – to encourage investment that makes Northeast Indiana a place people want to live and work. The Skyline Tower is already attracting other exciting and vibrant investments in the central city.”