Fort Wayne’s south side to get $23 million assisted living center
By Kevin Leininger | The News-Sentinel
A $23 million, 119-unit affordable assisted living facility has been proposed for Fort Wayne’s south side.
According to an application for tax incentives to be considered by City Council, Fort Wayne AAL, LP/Vermilion Development LLC of Chicago will erect the facility at 7125 S. Hanna St., creating 35 full-time jobs with an average salary of nearly $44,000.
If the request for an abatement is approved the developers’ taxes on the improvements would be reduced by about $4.06 million over 10 years.