Harrison bond wins state's OK
Harrison Square cleared its final major financing hurdle as the state approved the city’s $45.9 million bond for the development.Fort Wayne Mayor Graham Richard and Allen County Commissioner Nelson Peters received the state’s approval for the bond’s financing in a meeting Wednesday with Cheryl Musgrave, commissioner of the Department of Local Government Finance.
The state’s approval allows the city to back the bond with property taxes. Although Richard has promised no general property taxes will be used for the $120 million development, the backing serves as a kind of co-signer to reduce the city’s bond interest rate.
The downtown development includes a Courtyard by Marriott with parking garage, a combined condominium/retail building and a $30 million city-owned baseball stadium.
Wizards release slate for final year at Memorial Stadium
The Wizards’ final home game of the season on Thursday, Aug. 28, against South Bend will also mark the last game at Memorial Stadium as the team prepares to move into their downtown ballpark at the start of the 2009 season.
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