The Public Has a Say in Indiana Michigan Power Money

By Max Resnik

November 3, 2010 Updated Nov 3, 2010 at 7:56 PM EDT

FORT WAYNE, Ind. (Indiana's NewsCenter) The public is invited to share their ideas on how the money from the settlement with Indiana Michigan Power should be spent in the city.

The nearly $40 million settlement will be paid to the city over the next 15 years with $5 million being paid up front.

The money will be added to a trust fund that already has more than $35 million from light lease money.

The money, according to city officials, can go to anything the public decides so long as they voice their opinions. Tonight fewer than 10 members came to the town hall style meeting.

Future meetings to discuss ideas for how the money will be spent are to occur on November 8th at the Public Safety Academy and November 15th at the Innovation Center.

Both of those buildings were funded from the light lease money trust fund.




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