At a press conference today, Mayor Carty Finkbeiner spoke about the submission of an incentive package to City Council, aimed to keep HCR ManorCare in Toledo. For the last year-and-a-half, the City of Toledo's Department of Development and the Ohio Department of Development, have been working with Lt.
The CT mentioned Lucas County and the role it played in in taking over the roll of the bank in the Ford Stamping plant deal in their article called "Lending fields a wasteland."
George Tanber of http://Newsmeister.com, is reporting of the hotel deal that fell through:
Potential Downtown Hotel Deal Quashed - For Now - Over Land Costs
TOLEDO, Ohio - A deal that potentially would bring a new hotel to downtown Toledo is on hold because the developer believes the asking price for the property is too high.
Is the new marina district and Southwyk in trouble given the banking environment? We will probably know in 6 months. What do you think?
(Columbus,Ohio, Sept. 22)- The Ohio AFL-CIO has endorsed Issue 6, Ohio's Resort Casino that will be on the November 4th statewide ballot.
"The Ohio AFL-CIO supports Issue 6 because it will create good jobs and the revenue stream will stimulate the economy at the state and local levels, " said Joseph P. Rugola who is the President of the Ohio AFL-CIO.
A downtown building which for years beginning in the 1930s was home to a pair of popular drug stores is reverting to use as a store.
Businessman Jacques "Jack" Eid and his wife, Rania, have spent nearly $300,000 to rehabilitate a 111-year-old building at Madison Avenue and North Michigan Avenue into space for a store and adjoining restaurant.
The United Way of Greater Toledo is moving forward with its project to build a new, smaller home on its downtown site.
The agency submitted its site plans yesterday to the city's plan commission.
Likely Toledo mayoral candidate Keith Wilkowski yesterday proposed putting a $5 million solar panel field atop the Dura Avenue Landfill that could generate electricity for the city while further energizing northwest Ohio's burgeoning solar energy industry.
A new species will soon be joining the Walleye in the fish tank.
The formation of a new arenafootball2 franchise that will begin play at the new downtown sports arena in April, 2010, is expected to be announced today at an 11 a.m. news conference.
Boelter considered moving Custom Deco and its 200 jobs from its location at 1343 Miami St. to Wisconsin, Mr. Finkbeiner said. The city's department of development assisted Custom Deco in packaging $1.75 million in acquisition financing, the mayor said.
A long-time locally-owned appliance store in suburban Toledo will spend $3.5 million to enlarge its showroom by four-fold and expand into bedding and furniture.
Construction at Appliance Center, Maumee, will begin late this month and likely be done by March, said John Oswald, president.
Employment could grow to 100 from its present 65, he added.
From NBC 24:
The troubled Commodore Perry apartments in downtown Toledo is sold at a foreclosure auction for less than half of what taxpayers spent to spruce up the building. Now, you'll be on the hook for those repairs for the next 20-years.
Carty is thrilled at the sale.Refuses to answer questions about it.
Not all can fly yet, but 15 local technology-oriented businesses being nurtured by an incubator program made strong progress in the last year in their march toward producing revenue and jobs.
Another local charity says high building costs could mean it will have to relocate.
The board of the Society of St. Vincent de Paul is trying to sell its building at 1001 Washington St., said Willi Meyer, the group's business manager.
By DAVE CARPENTER, AP Business Writer Sun Aug 31, 2:14 PM ET
CHICAGO - Americans are changing the game plan for retirement, with millions laboring right past the traditional retirement age and working into their late 60s and beyond.
ISSUE 6 POSITION ON TAXATION
(Cleveland, Ohio) August 29, 2008
The MyOhioNow (Issue 6) position regarding the taxes it will pay should the
voters approve the constitutional amendment to permit casino gaming in one
location in Clinton County, Ohio in the November 4, 2008 election- is:
(1) It will pay a tax rate of 30% on gross casino receipts unless another
A longtime plan to develop 125 acres on the waterfront in East Toledo could be in jeopardy as the city's developer has been unable to secure a letter of credit to back part of the Marina District project.
"Health Care REIT Inc., a company which buys property nationally to be used for health care operations, said today it is moving its offices out of downtown Toledo and buying the headquarters of Dana Holding Corp. at 4500 Dorr St."
Representatives of a proposed deepwater container port in Nova Scotia are expected to sign a "strategic collaboration agreement" with Toledo port officials when they meet with local leaders and visit Toledo's port facilities today and tomorrow.
Lucas County commissioners today are expected to decide whether to put a 0.16-mill, five-year additional levy on the November ballot to reopen COSI.
Yesterday, representatives from four local businesses said they would escalate their efforts to campaign for the levy — and would help the museum create new exhibits if the levy passes.