Carpe Commodum

Here's a look at some of the reaction stories coming out a day after the Harrison Square announcement:

Mayor calls stadium plan opportunity of lifetime
http://www.fortwayne.com/mld/journalgazette/16298137.htm

• Harrison Square project could spur other proposed downtown projects
• Councilmen Sam Talarico, Tom Hayhurst, and Glynn Hines are noted as supporting the project
• Republican Mayoral candidate Nelson Peters has expressed tentative support

Bought out
Businesses, homeowners displaced by Harrison Square look at options
http://www.fortwayne.com/mld/fortwayne/news/local/16299555.htm

• Martin Luther King Montessori School has agreed to a $1.5 million buyout
• The city paid about $3.6 million for approximately 20 residential lots, the school and at least one business
• Some businesses along Jefferson and 500 parking spaces from Lincoln are being negotiated
• Subway sandwich shop on Jefferson will be removed
• Bill's Palace Restaurant will remain

Where will the money come from?
City working out details for public funds to pay for Harrison Square project
http://www.fortwayne.com/mld/fortwayne/news/local/16299546.htm

• Property taxes will not be used for project
• Tax incremental financing (TIF) district would be created to pay off bonds
• Community Revitalization Enhancement District (CRED) tax credits will be employed
• County Economic Development Tax (CEDIT) funds of $1 million/year for 20 years to also be used