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Cutting grant to The Landing frees up more funding for other regional projects

The Northeast Indiana Regional Development Authority plans to reduce its funding for The Landing development, providing more money for other projects in the region.

That doesnt mean The Landing project will be shorted. A news release from the RDA announcing the change in funding said that The Landing has been approved to receive funds through the states Industrial Recovery Tax Credit, which provides an incentive to revitalize older buildings.

The Model Group, which is developing The Landing, plans a $34.5 million project to redevelop seven buildings and two parking lots on West Columbia Street in Fort Wayne into a mixed-use development.

The RDA board will recommend funding for The Landing at $4,807,523 rather than the originally requested $6,904,023 discussed in its February board meeting. With the change, the board will have an additional $2 million to invest in projects, and it plans to consider funding seven pending projects in Wabash, Whitley, Noble and Allen counties at the upcoming RDA meeting on Tuesday at the Honeywell Event Center, 275 W. Market St., Wabash, IN.

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