• Facebook
  • Twitter
  • RSS
30°
Thursday October 23, 2014
View complete forecast
News-Sentinel.com Your Town. Your Voice.
Local Business Search
Stock Summary
Dow16461.32-153.49
Nasdaq4382.850
S&P 5001927.11-14.17
AEP55.920.36
Comcast51.49-0.7
GE25.19-0.26
ITT Exelis16.44-0.03
LNC49.16-0.61
Navistar33.06-0.74
Raytheon97.45-0.66
SDI22.260.36
Verizon48.31-0.38

Airport Legacy item off Fort Wayne City Council agenda

Tuesday, February 18, 2014 - 10:45 am

A discussion on whether to give $600,000 in Legacy money to Fort Wayne International Airport has been removed from City Council's Tuesday night agenda.

Council members were discuss Mayor Tom Henry's support of a plan intended to link the airport to a Northeast hub. Airport officials want the city to contribute up to $600,000 over two years into a proposed $2 million reserve that would provide a guaranteed minimum level of income to an airline that would provide the desired service to the East Coast - something the resolution introduced last week contends "is essential to the economic vitality of northeast Indiana."

The $71 million Legacy fund was created through the sale of the old City Light electric utility. Appointees for suggestions to distributing the Legacy dollars made economic development a general area while creating specific goals of downtown and riverfront development, youth sports and higher education.