Legacy announcement set for today

Local

Council gives preliminary OK to new property tax

Fort Wayne City Council members gave preliminary approval Tuesday night to a new property tax expected to raise up to $800,000 in new revenue next year.Today 9:49 pm

Fresh start at Smith Field

Fort Wayne-Allen County Airport Authority officials cut the ribbon on a new terminal building at Smith Field airport Monday.The new terminal, at 902 W.Today 2:59 pm

Righting a toppled icon

It could take hundreds of thousands of dollars and a year or more of repairs before visitors can have a picnic or take a family photo near the Helmholtz sculpture at Freimann Square, the Fort Wayne Museum of Arts executive director said Monday.Today 1:31 pm

FORT WAYNE – Mayor Tom Henry and Legacy Fort Wayne leaders are expected to announce Friday that several Legacy proposals are ready to be presented to City Council.

A news conference has been scheduled at 1 p.m. in the mayor’s office at Citizens Square to give a progress report and make the announcement, according to a statement issued Friday morning.

The city reached a $39.2 million settlement in October 2010 to sell its former electric utility and the rights to all its former customers to Indiana Michigan Power. In addition, the city has about $36 million in a trust account from leasing the utility to I&M for three decades.

Verbatim: 1st Legacy proposals announced