FORT WANE, Ind. (WANE) – In the regular session of Fort Wayne City Council Tuesday night, action was approved to allocate local tax revenue to support the continued building of Posterity Heights.
Posterity Heights is a piece of the Village Premier mixed-use coming to Fort Wayne’s southeast side.
The project broke ground in 2017 and after partial completion of the project, hit financial snags causing it to ground to a halt.
Now that it appears to be back on track, Councilwoman Sharon Tucker says the project could give new life to her district.
“Affordable housing is one of the major needs we have right now in our community, so the funds and support that we are providing for house investments to be able to close the gap for affordable housing in southeast Fort Wayne is huge,” Tucker said.
The difference in cost isn’t comparable to similar housing development projects from years ago, Tucker said, because development in southeast Fort Wayne is starting on a different level.
“Cost for construction five years ago is nowhere near the cost for construction now… I was supportive of it then, and I’m even more supportive of it now, because we have people who are able to see it to the finish line,” Tucker explained.
Work on the Village Premier project is expected to continue later this year.