OK given to develop land near airport
The last step in the process to create an economic development area near Fort Wayne International Airport was approved Tuesday by the Allen County Redevelopment Commission.
The Airport Expressway South Economic Development Area received a unanimous vote after also passing the Allen County Plan Commission in July and the Allen County commissioners in August.
The district contains 223 acres with 13 properties and is bounded to the north by the expressway, the south by Franklin Electric, the west by Coverdale Road and the east by Smith Road.
About 66 acres that had been airport authority property was proposed last week for an industrial park by Continental Property Group of Wayzata, Minnesota.
That group has been involved with a plan for a mixed-use residential project with a parking garage near the riverfront development in Fort Wayne and submitted a proposal for the north river property across from Science Central anchored by a railroad history attraction.
Economic development areas allow an increase in property taxes from development to be used for improvements in infrastructure for the developed area.
The redevelopment commission also discussed a small sinkhole that has developed on vacant land near the Stonebridge industrial park. The park is being developed by the commission along Lafayette Center Road.
The nearly 2-foot-deep sinkhole was discovered in late July or early August by a mowing contractor, said Elissa McGauley, director of redevelopment.
Commission members are consulting with the Allen County Highway Department as to the sinkhole’s extent and a possible remedy, she said.
McGauley said the problem is suspected to have started with an old drainage tile. She said the hole apparently is not expanding.