Posted February 27, 200520 yr From the 2/27/05 Toledo Blade: Retail is attracted by vacancies Modest deals help reduce amount of empty space By GARY T. PAKULSKI BLADE REAL ESTATE WRITER Tim Oswald and his siblings knew that bustling Sylvania would be a choice location for their second hardware store. The problem was that they were unable to find suitable space to rent and couldn't afford to build from the ground up. Then, they were shown a shuttered Food Town store on McCord Road and Sylvania Avenue. They didn't need the entire building, but the owner was willing to accommodate them. "We jumped on it," Mr. Oswald said last week as he stocked shelves at Sylvania Do-It-Best Hardware, which is set to open April 1. Modest deals like that helped cut retail vacancies in metro Toledo in 2004 - a year that commercial realty executives say was OK, but nowhere near record-setting. "The market took a breather," said Dave Long, a retail specialist at CB Richard Ellis/Reichle Klein, of Maumee. "In 2003, we had a ton of new construction come on-line and a ton of vacancies, especially with the Food Town closings. In 2004, the market corrected itself and settled down." MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050227/BUSINESS05/502270313
May 10, 200520 yr Author This was on WUPW's website, 5/10/05: Downtown Vacancies TOLEDO -- Walking the streets of Downtown Toledo, you'll see a number of things. People walking to and from work, cars rolling down the one-way streets. And empty buildings, lots of them. In fact, after a while you'll get tired of seeing all the FOR LEASE signs that line city streets, broken by the occasional office. And Toledoans are all too aware of the vacancies. "Yesterday, I was driving through with my daughter," said Bridget Connelly," and she said 'Mom, there's just a bunch of empty buildings here.'" Most of the people I spoke to said they liked Downtown, but they wouldn't spend much time there unless they were working. "No stores, no nightlife, nowhere to park..." said Scott Greenwood," There really ain't nothing going on. Walk around, look at the homeless." MORE: http://www.foxtoledo.com/index.cfm?action=dsp_story&storyid=67081
May 11, 200520 yr I know this is off-topic, but how many fucking newspapers do you read, grasscat? I mean, dude, thank you so much for following all this stuff and posting it and everything - but sweet Christ, WUPW?
May 11, 200520 yr Author I get my news stories through RSS, so I don't have to read the entirety of every newspaper. Topix.net also has an RSS service that delivers news from non-newspaper sources like this one. So I just go through and read the headlines, and delete the ones I don't care to read.
June 18, 200519 yr Author From the 6/18/05 Toledo Blade: Port sees big surge in cargo Upswing credited to an aggressive marketing effort When the tugboat Salvor docked its aluminum-laden barge at Toledo’s International Cargo Dock yesterday, it kicked off what the dock’s stevedore expects will be one of the facility’s busiest weeks in recent history. Along with the 9,000 tons from an aluminum smelter in Seven Islands, Que., Midwest Terminals of Toledo International expects to receive shipments of steel, calcium nitrate, heavy machinery, and pig iron during the coming week. ... http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050618/NEWS11/50618018/-1/NEWS
July 10, 200519 yr Author From the 7/10/05 Toledo Blade: Industrial space in demand Jeep expansion spurs activity across area By JON CHAVEZ BLADE BUSINESS WRITER For more than five years, a 218,000-square-foot warehouse on Angola Road owned by Dillard's and originally built and used by the former Lion store has sat vacant. But just over a week ago a tenant signed a lease on the structure. The warehouse got a look from the prospective tenant only because auto parts suppliers involved in the expansion of the Toledo Jeep Assembly Plant have been gobbling up more desirable spaces in north Toledo and near the auto plant, said John Green, industrial market specialist at CB Richard Ellis/Reichle Klein in Maumee. "I think there's been probably upwards of 15 transactions over the last year that are directly related in some way to Jeep and the Chrysler expansion," he said. As DaimlerChrysler AG proceeds on its $2.1 billion expansion of Toledo Jeep to make more than its Wrangler and Liberty products, new parts suppliers are coming - some building new sites and others grabbing older, vacant factory space. The movement has helped stabilize industrial rent prices, experts say. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050710/BUSINESS05/507090341/-1/BUSINESS
July 13, 200519 yr Author From the 7/13/05 Toledo Blade: PHOTO: Officials expect the Wyndham Hotel downtown to be packed in February. (THE BLADE) Toledo to score revenues from big game in Detroit By JULIE M. McKINNON BLADE BUSINESS WRITER Super Bowl XL in Detroit is more than six months away, but the NFL already has spoken for roughly a third of the Toledo area's hotel rooms, and fans are starting to book rooms on their own as well as the Motor City fills up for the February football fete. The NFL is expected to arrange bookings for 7,500 nights in Toledo area hotels - most of which already are confirmed - for reporters, season ticket holders, and others staying for a long weekend. That will generate revenues of more than $1.3 million, not counting food, gasoline, and other purchases in the Toledo area, said James Donnelly, president and chief executive of the Greater Toledo Convention and Visitors Bureau. The bureau has been negotiating accommodations with the NFL since 1999, and the league is expected to block out 2,500 of 7,200 rooms in the Toledo area around the Feb. 5 game, Mr. Donnelly said. NFL officials have scouted participating hotels, such as Wyndham Hotel Toledo, Radisson Hotel, and Toledo Hilton, and weighed other considerations about staying in the Toledo area, he said. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050713/BUSINESS06/507130395/-1/BUSINESS
August 7, 200519 yr Author From the 8/6/05 Toledo Blade: Talks set for next week on keeping plant open Chrysler officials plan to visit Toledo Jeep Assembly next week to discuss the local union's proposal to keep the stamping operation at Jeep Parkway open after the historic factory is shuttered next year, a top United Auto Workers Local 12 officials said yesterday... http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050806/BUSINESS02/508060376/-1/BUSINESS
August 10, 200519 yr Author From the 8/9/05 Toledo Blade: CHART: Percentage loss of factory jobs in Ohio cities, 1998-2003 CHART: Regional private sector jobs picture, 1998-2003 Area counties lost 13% of factory jobs from 1998 to 2003 NW Ohio, SE Mich. not likely to regain the work, experts say By JON CHAVEZ BLADE BUSINESS WRITER The Toledo region's rust-belt status has stained red the latest job picture. New government figures show that 16 northwest Ohio counties and three southeast Michigan counties collectively lost nearly 23,400 manufacturing jobs, or 13 percent of the factory work, in a recent five-year period. Overall, the region lost 12,630 private-sector jobs, or 2 percent of its total nongovernment employment, from 1998 to 2003. Small gains in other industries offset some of the factory losses for the period that included the last national recession. Experts say it is highly unlikely the region will ever regain those lost manufacturing jobs. "Those jobs are gone. That's the reality," said Eileen Granata, vice president of strategic resource for Regional Growth Partnership in Toledo. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050809/BUSINESS06/508090387/-1/BUSINESS
August 10, 200519 yr Author From the 8/10/05 Toledo Blade: Vacancy rate begins to drop a bit downtown By GARY T. PAKULSKI BLADE BUSINESS WRITER George Kamilaris, a downtown Toledo restaurateur, was pleased when a non-profit agency moved into a neighboring office building that had stood empty for four months. "As long as its not vacant, it's good for us," said Mr. Kamilaris, who, with brother Chris, operates Georgio's Cafe International, 426 N. Superior St. A commercial real estate agency that tracks vacancies says that non-profits like the Fair Housing Center, which moved last month into a building formerly occupied by marketing firm Roman/ Peshoff Inc., helped pump a bit of sunshine into an otherwise dismal downtown office picture. Vacancies dropped to 16 percent in the first half of 2005 from 18 percent at the end of 2004 and 21 percent during the first half of 2004, according to the survey by CB Richard Ellis/Reichle Klein in Maumee. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050810/BUSINESS06/508100341/-1/BUSINESS
August 19, 200519 yr Author From the 8/17/05 Toledo Blade: Ford offers plan to turn dump site into Jeep lot $9.75M project part of factory expansion A broad field of waving grass rising near I-75 in North Toledo looks like a verdant hillside but is actually the highly polluted Stickney Avenue landfill concealed beneath a cap of clay and topsoil. Mayor Jack Ford yesterday announced new legislation aimed at turning the benign-looking site into a 40-acre parking lot to store new Jeeps to be built across Stickney by DaimlerChrysler AG. Mr. Ford and representatives of DaimlerChrysler, the United Auto Workers union, the Toledo Board of Education, and Gov. Bob Taft's office stood in the grassy field yesterday to herald the $9.75 million project. Read More...
August 22, 200519 yr Last time I was in Toledo, I drove by an old abandoned mall that looked like it was being used for Jeep storage. There were Jeeps parked everywhere...the entire lot was filled, with Jeeps also parked on grassy medians in the lot, sidewalks around the mall, etc. It sounds like this new facility will replace this area.
September 1, 200519 yr Author From the 8/30/05 Toledo Blade: Joint zone for coke plant hits obstacle School boards must finalize revenue pact By ERIKA RAY and MEGHAN GILBERT BLADE STAFF WRITERS Oregon City Council postponed a special meeting planned for yesterday to approve a joint economic development zone in connection with a planned $350 million coke-processing plant, while the Oregon and Toledo school systems continued negotiating a tax-sharing agreement. http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20050901/NEWS16/509010422
November 28, 200519 yr Author From the 11/24/05 Toledo Blade: CAPSULE: A Dodge Rides Into Town Toledo lines up Dodge Nitro work DaimlerChrysler expected to tell workers of launch Monday By JULIE M. McKINNON BLADE BUSINESS WRITER Top DaimlerChrysler AG executives and United Auto Workers officials are expected Monday to confirm what analysts and dealers have been saying for nearly a year: The burly Dodge Nitro will be built in Toledo. The announcement will be broadcast to workers in the plant. The announcement will mark the first time the automaker has officially linked Toledo Jeep Assembly Plant with the five-passenger Nitro, which was introduced by Chrysler as a concept in February and confirmed in October as a vehicle to be produced for the 2007 model year. Read More...
November 28, 200519 yr http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20051126/NEWS11/511260352 -- ------------------------------------------------------------------------------ Article published November 26, 2005 Toledo port big player for seaway shipments By DAVID PATCH BLADE STAFF WRITER Not too long ago, "general cargo" at Toledo's waterfront mostly meant steel products, whether it was coils, bars, rods, or wire. Not any more. Looking around International Cargo Docks complex at the foot of St. Lawrence Drive in East Toledo last week, there were stacks of aluminum ingots and lumber stored outdoors, in part, because the docks' warehouses were full. ...
November 30, 200519 yr Author From the 11/28/05 Toledo Blade: MAP: New coke plant site Coke plant site design to be topic of meeting Discussion may be last public hearing By ROBIN ERB BLADE STAFF WRITER It has required the rewriting of two cities' maps, a series of talks between school districts vying for taxes, and plenty of public debate about its environmental impact. But a $350 million coke processing plant in East Toledo that will process coal for the steel industry may go before the public one last time Thursday when the Toledo-Lucas County Plan Commissions consider its major site plan, said Steve Herwat, director of the plan commissions. http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20051128/NEWS08/511280397/-1/NEWS
December 6, 200519 yr Author From the 12/2/05 Toledo Blade: Plan commissions OK coke plant location However, board members express dismay over industrial project's secrecy U.S. Coking Group's choice of a 51-acre site along Lake Erie's Maumee Bay for its proposed $500 million FDS Coke Plant got a reluctant endorsement yesterday from the Toledo-Lucas County Plan Commissions. http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20051202/NEWS16/512020405/-1/NEWS
December 11, 200519 yr Author From the 12/7/05 Toledo Blade: TOLEDO JEEP 110 new jobs topic of talks by Daimler, UAW leaders Center would occupy Stickney Ave. factory By JULIE M. McKINNON BLADE BUSINESS WRITER As the $2.1 billion Toledo Jeep expansion proceeds, more jobs seem to line the roadway. DaimlerChrysler AG and the United Auto Workers union are negotiating details of a sequencing center to be run in what is now the complex's Stickney Avenue factory with 110 employees, Dan Henneman, Jeep chairman of UAW Local 12, told The Blade yesterday. The jobs, he said, likely will pay $10 to $12 an hour, not $26 an hour as at Toledo Jeep. The center would be run by Exel PLC. Read More...
January 13, 200619 yr http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060113/BUSINESS02/60113001 -------------------------------------------------------------------------------- Article published January 13, 2006 City lobbies for $504M vehicle plant Toledo 1 of 3 sites seeking new transmission work By TOM TROY BLADE STAFF WRITER Toledo Mayor Carty Finkbeiner today will announce his support of an effort to persuade General Motors Corp. to launch its new six-speed transmission plant - a $504 million investment - in Toledo, The Blade has learned. "GM is considering an investment at our Toledo transmission site," Wanda Montion, a plant spokesman, confirmed yesterday. The local plant is competing with two other unidentified North American GM sites for the expansion, she said. Full story at: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060113/BUSINESS02/60113001
January 14, 200619 yr http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060114/NEWS16/60114034/-1/NEWS -------------------------------------------------------------------------------- Article published January 14, 2006 Officials: New GM plant key to city future Mayor outlines campaign to lure transmission site By TOM TROY BLADE STAFF WRITER The campaign to win a new product line for General Motors’ Powertrain plant is a fight for the future of GM in Toledo, officials contend. And yesterday, Mayor Carty Finkbeiner vowed that the community would make the strongest case possible to gain the contract to build a six-speed transmission at the plant, 1455 Alexis Rd. The plant is is one of three finalists competing for a GM’s corporate nod to become the site for manufacturing a new transmission. Full story at link above:
January 20, 200619 yr Author From the 1/19/06 Toledo Blade: Washington Local OKs 100% GM tax break District tries to help lure transmission plant General Motors Corp.’s Powertrain plant last night was given a big piece of the incentive package the company says it needs to open a six-speed transmission plant in Toledo: a 100 percent tax abatement from Washington Local School District. School districts are often asked to offer tax abatements to companies, which in turn make some amount of payments in lieu of the taxes. More at: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060119/NEWS04/60119051/-1/NEWS
January 21, 200619 yr okay, without reading any of the articles, the articles contain the following: 1) Toledo/lucas county are yay 2) tol is trying to get get the state to help out 3) tol is offering x dollars in incentives and bending over backwards 4) but company x is like, labor is expensive in nw toledo, b/c of unions. 5) mention of new(er) billion dollar plus jeep assembly plant. 6) mention of money problems of dana corp, or whatever that oem in toledo is.
January 24, 200619 yr http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060124/NEWS11/601240396/-1/NEWS -------------------------------------------------------------------------------- Article published January 24, 2006 Port of Toledo's cargo increases almost 15% Cargo traffic at the Port of Toledo increased by 14.72 percent during 2005, highlighted by robust growth in general cargo and iron ore, the Toledo-Lucas County Port Authority announced yesterday. The 164,588 tons of general cargo handled at the local docks in 2005 represented a 34.3 percent increase over 2004. ...
January 26, 200619 yr Author From the 1/25/06 Toledo Blade: Toledo City Council to vote on 2 tax-abatement matters Toledo City Council is expected to vote Tuesday on a 15-year tax abatement for General Motors Corp.'s Powertrain plant - and a change in city law to allow 15-year tax abatements. An ordinance introduced yesterday at council's agenda review session would extend the city's 10-year tax abatement limit by five years, to match the 15 years allowed in state law, Jennifer Johnson, senior city attorney, said. More at: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060125/NEWS16/601250399/-1/NEWS
January 27, 200619 yr http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060127/NEWS16/601270339/-1/NEWS -------------------------------------------------------------------------------- Article published January 27, 2006 Port Authority offers GM a $3 million sweetener for project The Toledo-Lucas County Port Authority board of directors yesterday voted to shave $3 million off the cost of General Motors' bringing a six-speed transmission product line to Toledo. The vote, which would allow the automotive company to escape sales tax on an estimated $100 million in construction costs for the $504 million project, amounts to a tax incentive. More at above link:
February 2, 200619 yr Author From the 2/1/06 Toledo Blade: PHOTO: Wands rented through Security Detection will be used to check people attending Sunday's game at Ford Field. ( ASSOCIATED PRESS ) SUPER BOWL XL Area businesses score sales from big game Sylvania firm is contractor for screening By MARY-BETH McLAUGHLIN BLADE BUSINESS WRITER A Sylvania father and son have front-row seats this week for the preparations for Super Bowl XL, thanks to their contract to supply walk-through metal detectors and security wands for the event. Michael Brighty and his son, Justin, have been installing more than 100 metal detectors and security wands that were rented through their company, Security Detection, to screen visitors entering Ford Field in Detroit for Sunday's professional football game. "We are setting up metal detectors all around the perimeter, and the NFL will have their own security working the machines and wands," Justin Brighty, director of security, said yesterday from the football field. The detectors are similar to those that passengers pass through at airports. Security Detection, on Monroe Street in downtown Sylvania, began more than 20 years ago as a supplier of metal detectors for hobby enthusiasts (such as beachcombers) and then expanded its offerings to include walk-through metal detectors, X-ray machines, and security wands to meet the needs of industrial and security clients. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060201/BUSINESS06/602010373/-1/RSS04 From same: SUPER BOWL XL Eateries expect to be busy By MARY-BETH McLAUGHLIN BLADE STAFF WRITER When the Pittsburgh Steelers square off against the Seattle Seahawks in Super Bowl XL Sunday evening, the action won't be limited to the field. The National Retail Federation is reporting that consumers are expected to spend $5.3 billion this year on all things Super Bowl-related, down only slightly from last year. The majority of expenditures will be for food, drink, and decorations for viewing parties. Nearly 24 percent of those polled plan to attend a party, 10 percent plan to play host. More than 8 million consumers will be enjoying the game from their favorite bar or restaurant. Brian Boyce, manager of the BW-3 on Dussel Drive in Maumee, said he will staff the restaurant on Sunday like it's a Friday or Saturday night. "We've been through this a couple of times, and I think we will have an even bigger crowd than [previous Super Bowls] because the Pittsburgh Steelers are local favorites," he said. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060201/BUSINESS06/602010374
February 2, 200619 yr The Detroit Free Press recently had a story about how the business spin off has not occurred for areas like Flint and Toledo. The hotels are not doing nearly as well as they predicted. Many have lowered rates hoping to gain some visitors. Most estimates have the hotels outside of Metro Detroit all around 50 percent full, not anywhere near the predicted occupancies. Even in the Detroit area, some hotels still have a few rooms available. So, either they didn't realize how many rooms Metro Detroit and Windsor have or the Detroit location is scaring some visitors away (which it shouldn't.)
February 2, 200619 yr Author From the 2/2/06 Toledo Blade: PHOTO: Sue Hedrick gets some practice at the Amie's store in Sylvania. ( THE BLADE/LORI KING ) SUPER BOWL XL Splot that topping! Pizzerias strategize for Sunday's game By MARY-BETH McLAUGHLIN BLADE BUSINESS WRITER Players for the Pittsburgh Steelers and Seattle Seahawks aren't the only ones having intense practices this week to get ready for Sunday's Super Bowl. Pizzeria workers across the nation are in preparations as well for a day in which sales are expected to jump on average 30 percent compared to any other winter Sunday. "Our stores are all gearing up like an athletic event, focusing on training, presentation, and the focus of our staff," said Dana Harville, a spokesman for the Ann Arbor-based Domino's Pizza chain. "We'll double up on staff … and order extra dough, sauce, and cheese." MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060202/BUSINESS06/602020335/-1/RSS04
February 3, 200619 yr Good for Toledo. I am surprised we have heard from the Toledo forumers more about this.
February 10, 200619 yr Author From the 2/5/06 Toledo Blade: Commercial properties gain: Office space finds renters, industrial still lags By GARY T. PAKULSKI BLADE BUSINESS WRITER Within days last year, a silver lining appeared in what looked like another dark cloud over the metro Toledo economy. Delafoil Inc. couldn't be persuaded to change its mind about closing an electronics factory in suburban Perrysburg after losing its biggest customer, a TV picture tube plant in Putnam County. But another business stepped forward, eager to move into the 253,000-square-foot building. Proline Packaging Inc., with 200 employees who assemble multipacks for Campbell Soup Co. and other customers, wanted to consolidate three local operations there. And tenants were soon found for the space Proline was leaving. "It was like a game of dominoes," said industrial real estate expert Bob Mack, who brokered the deals for the Toledo office of Signature Associates. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060205/BUSINESS05/602040426/-1/RSS04
February 21, 200619 yr Article published Tuesday, February 21, 2006 GM to announce plans to invest $504M in Toledo Powertrain :banger: BLADE STAFF General Motors is expected to announce next week that it will invest $504 million in its Toledo Powertrain Plant to make build six-speed transmissions, sources told The Blade. The factory on Alexis Road, which will add space to handle the extra work, was in competition with a Michigan plant and Mexico for the project. The six-speed transmissions, which provide better performance and fuel economy than four-speeds, are considered a key to the future of GM's vehicle line-up. The company plans to make as many as 1 million six-speed transmissions each year by 2007 and as many as 3 million a year by 2010. The North Toledo plant employs 3,450 making four-speed transmissions primarily for pickup trucks and sport-utility vehicles. MORE: http://www.toledoblade.com
February 21, 200619 yr The North Toledo plant employs 3,450 making four-speed transmissions primarily for pickup trucks and sport-utility vehicles. Oh wow, I knew the plant was big, but I didn't know it was THAT big! I think that's almost as much as Jeep employs (5000?). This is good news. I just hope that the jobs are maintained long-term. With half a billion dollars in investment, I'm betting GM won't be leaving Toledo anytime soon. I heard it today on WSPD, looks as if the media is keepin it on the low till next week. I figure this plant will give Toledo 15 to 20 years of stable manufacturing employment and enough time to start trying to diversify the economy before GM tanks (although I hope that dosent happen). It would be nice if the new facility brings in new suppliers.
February 22, 200619 yr Author GM picks Toledo for $504M deal Powertrain plant to get new transmission work BLADE BUSINESS WRITER In a local job-saving measure, General Motors Corp. has selected Toledo for a $504 million investment to build better-performing transmissions that are considered key to the firm's future, The Blade has learned. The announcement, which GM officials declined to confirm yesterday, will come Monday, said people familiar with the project within the United Auto Workers. More at: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060222/BUSINESS02/602220381/-1/RSS04
February 26, 200619 yr Author From the 2/26/06 Toledo Blade: Toledo kept Jeep, but will court let it keep deal? By JIM PROVANCE BLADE COLUMBUS BUREAU COLUMBUS - Eight years ago, Ohio, Toledo, and two school districts dangled a $280 million carrot in front of DaimlerChrysler and walked away with the promise of a $1.2 billion Jeep plant. Thirty-five states, Puerto Rico, Guam, the Northern Marianna Islands, numerous business organizations, and unions will anxiously watch Wednesday as Ohio and the auto manufacturer defend about one third of that carrot before the U.S. Supreme Court. Ohio is vigorously defending the tax credit struck down by the Cincinnati-based U.S. 6th Circuit Court of Appeals despite the fact that the credit is being phased out along with the tax to which it is applied. "This is about the ability of states to use local tax credits to attract new investment and jobs, and to improve the economy to the benefit of the state," said Douglas Cole, state solicitor with the Ohio attorney general's office. The debate occurs even as Ohio is considering new and expanded credits targeting the auto and auto-parts manufacturing industry after a series of layoffs and plant closings. "If we win, the narrow effect is to strike down this Ohio scheme as well any comparable schemes in three dozen or so states," said Toledo attorney Terry Lodge, one of the attorneys who filed the case. "It would be a very huge precedent that would hopefully give future legislatures and executives at the state level a little pause when it comes to giving away gaping hunks of taxpayer largess," he said. "It will slow the race to the bottom, but it won't end it." MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060226/NEWS16/602260392/-1/RSS
February 28, 200619 yr Article published February 28, 2006 GM confirms $500M project; Toledo's Powertrain beats out 2 plants for makeover By JULIE M. McKINNON BLADE BUSINESS WRITER Even as hundreds of workers and public officials celebrated confirmation yesterday that General Motors Corp.'s Toledo transmission factory beat two contenders for a $500 million expansion, plant and union leaders vowed the new work is only the beginning. The expansion, including a 400,000-square-foot addition to the Alexis Road factory, will enable Toledo Powertrain to build 3,000 better-performing, rear-wheel-drive transmissions a day for the 2008 GMC Yukon Denali and Yukon Denali XL. Full story at: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060228/BUSINESS02/602280516 --------------------------------------------------------------------------------
March 11, 200619 yr Author Well, this doesn't sound good: Retail vacancies in area soaring Changing shopping, spending patterns fuel closings By GARY T. PAKULSKI BLADE BUSINESS WRITER When a Southwyck-area home and garden boutique closed late last year, no one was more disappointed than landlord Burt Kalniz. "It's boarded up and we might tear it down," he said of the building in the once fashionable area where the most recent businesses to join ongoing retail flight include the boutique, a convenience store, a dollar store, and other tenants in a fast-emptying mall. Retail vacancies in metro Toledo last year rose to levels not seen since the last recession in a market best described as feast or famine, a new industry report shows. The percentage of empty stores and other retail buildings shot up to nearly 14 percent at year's end, according to the commercial realty CB Richard Ellis, Reichle Klein, of Maumee. At the end of 2004, vacancies were at 11 percent. They last topped 13 percent at the end of 2001, just after a recession. While some neighborhoods, such as the area around popular Westfield Franklin Park, continue to thrive, many landlords struggle to fill vacant buildings. MORE: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060226/BUSINESS10/602250383/-1/RSS04
March 11, 200619 yr "Despite rising vacancies, some landlords said they are having little trouble filling space." :? This statement seems contradictory to me. Its hard to say where the real esate market is going. The success or unsuccess of Southwyck and Westgate are two important developments that will tell me for sure where this market stands. Toledo is at a fork in the road; either there its about to be a surge in development or these vacancies are going to spiral out of control. This seems to be no differnet than other great lake cities. I wish there was a way to ban urban sprawl b/c these business just continue to move out of the city to the disconnected burbs where the money is. The city is at a disadvantage from the start, we have to give large ass tax breaks for businesses who as far as we know dont even want to be here. The whole system is broken really.
April 11, 200619 yr Author From the 3/16/06 Toledo Blade: Coke plant has pushed back date to break ground Groundbreaking for U.S. Coking Group's proposed FDS Coke Plant along Maumee Bay has been pushed back until at least summer, and the anticipated cost of the project has risen another $100 million. http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060316/NEWS18/603160374/-1/NEWS
April 25, 200619 yr http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060425/BUSINESS03/604250402 -------------------------------------------------------------------------------- Article published April 25, 2006 Andersons stock soars above $100 Growing ethanol frenzy raises demand for shares By JON CHAVEZ BLADE BUSINESS WRITER The Andersons Inc. has yet to distill even an ounce of ethanol, but its stock has zoomed past $100 a share. More at link above:
May 18, 200619 yr I have trouble understanding put options. Can someone explain it to me? How does someone profit from betting that a business fails? I tried looking it up on wikipedia but it isn't making complete sense to me.
May 18, 200619 yr I know people aren't betting it would fail this thread just reminded me of it, that's all. I know it has to do with being able to sell your stock back at a specific price but I don't understand how the original buyer of the put makes a profit. Is it just refering to the guaranteed profit of the fixed price they agree to buy it back for? I thought since this thread is likely to attract people that know about the stock market, maybe someone could explain it. Thanks in advance.
June 1, 200619 yr http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060531/NEWS11/60531046/-1/NEWS -------------------------------------------------------------------------------- Article published May 31, 2006 General cargo booming at port, but dredging concerns growing By DAVID PATCH BLADE STAFF WRITER General cargo business at the Port of Toledo continues to boom, more than tripling during the start of this year’s Great Lakes shipping season. But it’s a boom that the port director says is at risk because of inadequate channel dredging by the U.S. Army Corps of Engineers. ...
June 6, 200619 yr Author From the 6/6/06 Toledo Blade: TOLEDO JEEP Third shift to be added to assemble Nitro SUVs Current, laid-off workers to fill 750 new positions By JULIE M. McKINNON BLADE BUSINESS WRITER It's been talked about for years, but now it's about to happen: The Toledo Jeep Assembly complex will create a third shift in August, adding about 750 jobs, a union official said yesterday. The extra jobs, however, will be filled by current or laid-off Jeep workers, not by new hires. The shift will build the new Dodge Nitro sport-utility vehicle. The 750 jobs mean all permanent Jeep workers will have work, said Dan Henneman, chairman for United Auto Workers Local 12's Jeep unit. Left to find work will be about 270 temporary part-timers, he said. Read More...
June 16, 200618 yr Author From the 6/15/06 Toledo Blade: Permit remains idle for U.S. Coking site Official: Groundbreaking set for fall The second anniversary of U.S. Coking Group's permit for its proposed FDS Coke Plant along Maumee Bay passed quietly yesterday with no groundbreaking date scheduled. http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060615/NEWS18/606150415/-1/NEWS
June 17, 200618 yr Author From the 6/16/06 Toledo Blade: Company confirms third shift for Jeep After more than a week of silence and years of expectation, DaimlerChrysler AG officially announced yesterday it will start a third shift this summer at its five-year-old home of the Jeep Liberty. About 750 jobs will be added at the 2,700-plus-employee factory, which will begin building the Dodge Nitro in August. Hourly spots will be filled by current or laid-off Toledo Jeep Assembly workers, the Jeep leader of United Auto Workers Local 12 said. The Blade reported June 6 that Chrysler confirmed with the union that the third shift would begin Aug. 7, the same day that Nitro production is to begin. Read More...
June 19, 200618 yr Article published Monday, June 19, 2006 Freight monorail eyed near Jeep plant Port, UT seek support for concept of system By DAVID PATCH BLADE STAFF WRITER Could a freight monorail be the alternative to short-distance trucking if a supplier-industry park is developed near DaimlerChrysler's Toledo North Assembly complex? The Toledo-Lucas County Port Authority and the University of Toledo's Intermodal Transportation Institute believe it could, and are seeking support from the United Auto Workers and DaimlerChrysler. More at: http://www.toledoblade.com/apps/pbcs.dll/article?AID=/20060619/NEWS08/606190401/-1/NEWS
June 20, 200618 yr This would be great for N Toledo. I guess I never really realized how big this supplier park was supposed to be. I hope DaimlerChrysler can deliver on this one.
June 20, 200618 yr They've actually been talking about this for a couple of years, but it's only recently been made public. It will save them a lot of moves by truck on roadways that are already congested.
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