The Landing & Riverfront Fort Wayne

City Councilman Jason Arp describes the financing of the Landing project in downtown Fort Wayne. The Landing is a mixed use commercial and residential real estate project in close proximity to the riverfront. The project will use $34 million of public finance to construct and rehab a collection of buildings with a market value of $11 million when its all done. The developer is investing $3.25 million in equity which will be returned as a developer’s fee after completion.