For Sale: City-Owned Buildings and Property

TOLEDO -- If you're in the market to buy some real estate, the city of Toledo may have something for you. The city is evaluating everything it owns, and creating a "top ten list" of properties it would like to sell off.

http://wtol.com/Global/story.asp?S=6475486

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... is why, oh why, has the city kept such properties as the Madison Bldg on their books without selling them off before now? They produced no capital influx from a sale, and also produced no property tax from use.

can use these properties to generate revenue, so could Toledo. If we had a business manager or hired our own developer.

If you're here to tell me it's my fault - you're right. I meant to do it. It was alot of fun. That's why I have this happy smile on my face.

You've got a wicked sense of humor/irony ;-)

Hooda Thunkit

I think they wanted to wait until property values dropped to a point where they could sell them without having any pesky ROI that might lead to a tragedy like balancing a budget without a garbage tax...

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