osugrad01

Having recently moved to Toledo, the idea of a tech corridor anchored by rather large universities (UT, BGSU, and UM) could mean some interesting things are going to be coming to T-Town. I especially like the idea of a light rail line connecting Downtown to UT and MUO (and possilby BG in the future). Let's hope the ball got rolling with the MUO-UT merger. Here are a couple more links to the Corridor. http://research.utoledo.edu/SciTechCorridor.htm http://www.utoledo.edu/index.asp?id=384

The last mayor spent about 1.5 mil on cleanup of the site prior to this but was unable to attract a developer so the cleanup effort should not cost that much more (hopefully) I would like someone to look into the other developers offer though. From what I read, the offer was for all condo units for sale with a health club and not one bedroom apartments for rent like the Ball/Jackson proposal (plus the aforementioned $800,000 swing).

The best thing about this article is that Toledo just offered Owens-Illinois a deal worth an estimated 8 million dollars to stay downtown-------and then taxes the hell out of them. What the heck is Toledo doing? O-I withholds $1.1M in property-tax dispute By TOM TROY BLADE STAFF WRITER While Owens-Illinois Inc. debates moving its world headquarters and 350 employees to Perrysburg, the company is fighting Lucas County over the value of its downtown Toledo building. The company is disputing the value the auditor's office placed on the building. The auditor believes the building was worth $55 million in 2000; O-I claims the value is just $30.5 million. As a result of the dispute, O-I has withheld more than $1.1 million in property taxes. The auditor's Web site yesterday said O-I owed $1,593,750 for the first six months of 2004. Dennis Lyle, an attorney for O-I in the firm of Fuller & Henry Ltd., said the company made a $450,000 payment yesterday, the deadline for property tax payments for the first half of 2004. Mr. Lyle said the $450,000 is based on a good faith estimate of the valuation between $30.5 million and $55 million. The dispute is pending before the Board of Tax Appeals in Columbus. More at http://www.toledoblade.com