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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 […]

Electric Works

Here I discuss the financing of the Electric Works project. The Fort Wayne City Council passed a resolution supporting local government funding for this private commercial real estate development by a vote of 7-2. The total project is expected to cost $440 million in total, with $100 million expected from the City of Fort Wayne. I voted no along with […]

Last-minute contributions show new law’s wisdom

Wednesday afternoon, the 2017 campaign finance filings were made public for all elected officials and candidates in Indiana. This is the first such filing since passage of the “pay-to-play” ordinance that Councilman John Crawford and I collaborated on last year. The impetus of the ordinance was the accumulation of roughly $1 million of campaign contributions from vendors and contractors to […]

City must not tolerate Chicago-style financing

Chicago Mayor Rahm Emanuel is receiving a lot attention after an investigation by the Chicago Tribune found that more than 60percent of the millions raised for his re-election bid come from vendors to the city. While it may not be shocking news to the people of Fort Wayne that there are foul winds blowing from the Chicago city hall, it […]

The REIT choice for development is privately funded

Government-run economic development entities are having a difficult time replicating the real thing. News stories from around Indiana point to problems related to creating what I call synthetic economies: The Muncie building commissioner is charged with wire fraud, theft and money-laundering; a Marion TIF district lost $2.5 million on a failed hotel project; Crawfordsville and Montgomery County defunded their economic […]

Property rights – and wrongs

In politics, the clock until the next election never stops ticking. While most folks are still licking their wounds or quietly celebrating the recent election results, the political class has already begun the next campaign. Of particular interest is the scramble to name the front runner in the Fort Wayne mayor’s race. Since we’re in the season of making wish […]