As reported by the Fort Wayne Journal Gazette
Improvements to this station are long overdue. The old depot was moved and restored several years ago, with plans to use it as the Amtrak station if a new platform could be built at that location. Apparently a new building is now under consideration instead, with an additional platform across the tracks from the existing one, at the request of NS.Amtrak will invest more than $4.4 million toward the new Waterloo Train Station in DeKalb County. The town has also received a grant of more than $1.8 million from the U.S. Department of Transportation for the new station.