FortWayne.com
 
  Text size  Increase text sizeDecrease text size      
Last updated: Fri. Dec. 07, 2012 - 04:15 pm EDT

Legacy announcement set for today

PHOTOS
 
Click on image to view.

FORT WAYNE – Mayor Tom Henry and Legacy Fort Wayne leaders are expected to announce Friday that several Legacy proposals are ready to be presented to City Council.

A news conference has been scheduled at 1 p.m. in the mayor’s office at Citizens Square to give a progress report and make the announcement, according to a statement issued Friday morning.

The city reached a $39.2 million settlement in October 2010 to sell its former electric utility and the rights to all its former customers to Indiana Michigan Power. In addition, the city has about $36 million in a trust account from leasing the utility to I&M for three decades.


Friday
Friday
High 25 °F
Low 22 °F
20 °F
Partly Cloudy
Sponsored by Masters Heating & Cooling, Inc.
LOCAL BUSINESS SEARCH
Local Search
STOCK SUMMARY
Dow 17862.08-273.64
Nasdaq 4929.60-53.21
S&P 500 2072.75-28.29
AEP 54.92-2.16
Comcast 60.16-0.165
GE 25.4122-0.4078
ITT Exelis 24.00-0.05
LNC 58.98+0.65
Navistar 29.97-0.33
Raytheon 105.34-1.63
SDI 18.295-0.465
Verizon 48.2901-0.6299
  Stock Sponsor