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Council backs $47.8M theater rehabilitation and 10-year abatement request amid public objections
Summary
The council approved a resolution to designate the former Scottish Rite/City Theater block as an economic revitalization area, advancing a proposed $47.8 million rehabilitation by CEREC Enterprises and related abatement valued at about $2.5 million over 10 years, despite public comments opposing tax incentives for wealthy investors.
The Fort Wayne Common Council approved a confirming resolution to designate the former Scottish Rite Performing Arts Theater and the Henry G. Olds House as an economic revitalization area to support a large-scale rehabilitation proposed by CEREC Enterprises and partners.
Andrea Robinson (Economic Development) described Suite Real Estate/City Theater LLC’s request for designation to preserve, rehabilitate and update the historic performing arts center and the Henry G. Olds House. Nancy Towns of CEREC Enterprises told the council the project has an…
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