Urban Indiana

The Lofts at Headwaters Park receives TIF funding

The Fort Wayne Redevelopment Commission approved the use of $1.6 million in Tax Increment Financing (TIF) funds for the Lofts at Headwaters Park project Tuesday.

The funds will be given over a period of three years.

The mixed-used development was originally planned to cost $67 million. That estimate came in 2020, but officials with the development said inflation is pushing the price to nearly $100 million now.

More below:
https://www.wane.com/news/local-news/the-lofts-at-headwaters-park-receives-tif-funding/