Regional Advantages

Renowned for its location, business climate and affordable cost of living, Northeast Indiana is consistently ranked best in the Midwest.

Industry Information

With access to 40,000 graduating students annually, join the impressive list of major employers leading Northeast Indiana’s top industries.

Business Leadership

Increasing personal income, growing the population and raising educational attainment. Join us!

About Living Here

Northeast Indiana is family-friendly, affordable and offers diverse opportunities to make it your own in Northeast Indiana.

Jobs & Internships

Join Northeast Indiana, a growing, vibrant community. From your next career to your next promotion, make it your own in Northeast Indiana.

Council approves 3 abatements

April 13th, 2016

News Coverage:

April 13, 2016

Council approves 3 abatements

Renovation of Diplomat Apartments among approvals

Dave Gong | Journal Gazette

The Fort Wayne City Council on Tuesday approved tax abatements for two residential developments and a corporate tax firm planning to move into the Ash Skyline Plaza. 

The first abatement approved Tuesday is for a $5.2 million project to renovate Diplomat Apartments at 3323 Diplomat Drive. Developer Vop Osili of A+X LLC in Indianapolis plans to renovate the 140-unit complex with hopes of attracting younger, more stable renters. The abatement term will last five years.

Councilman Glynn Hines, D-6th, said the renovations are a necessary change.

“I’m really glad to have this project come before us because it’s in the 6th District, but more importantly, it’s a really bad property,” Hines said. “The road is just horrendous, as I’ve said numerous times, and the building is in very poor disrepair.”

In March, the council approved a $5 million multifamily housing economic development bond for the project. The state has also approved the project for rental housing tax credits.

The second tax abatement was granted to DuCharme, McMillen & Associates, a corporate tax consulting firm that plans to move into the sixth floor of Ash Skyline Plaza. The total project cost is about $1.5 million. The firm was granted a 10-year abatement.

The company plans to create 37 new full-time jobs and retain 47 existing full-time jobs as a result of the project.

The council also approved a 10-year abatement for a $17 million renovation project at Centlivre Village in north Fort Wayne. Developer Biggs-RCI LLC will rehabilitate 465 units in that complex.

All three abatements were approved in a 7-2 vote.