NewsPublic Affairs / March 12, 2018

Fort Wayne Proposal Would Tie Art To Business Tax Breaks

Fort Wayne Proposal Would Tie Art To Business Tax BreaksThe proposal would establish a public art program and a Public Art Commission.Fort Wayne, Tax Increment Financing2018-03-12T00:00:00-04:00
Fort Wayne Proposal Would Tie Art To Business Tax Breaks

public domain

FORT WAYNE, Ind. (AP) — Officials in Indiana's second-largest city have drafted a proposal that would require businesses getting government tax breaks to contribute to a public art fund.

The ordinance proposed by Fort Wayne's mayor and two city council members would require businesses applying for tax increment financing to contribute an amount equal to 1 percent of that incentive, or up to $100,000.

City Councilmen Tom Freistroffer says integrating public art throughout the city of about 250,000 residents would help "appeal to professionals who want to live in a vibrant and interesting community." He says public art is essential to economic growth.

The Journal Gazette reports the proposal would establish a public art program and a Public Art Commission.

The proposal will be introduced Tuesday and discussed March 20.

 

 

Related News

Governor's Workforce Cabinet Hears Concerns, Input At Listening Sessions
Farmers Applaud Holcomb's Executive Order Addressing Propane Shortage
Indiana Democratic Party Chair Running For State Senate