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Downtown Toledo Improvement District - "Two construction projects proposed by Mayor Jack Ford would provide parking and entertainment that could draw new people downtown. And the new "Downtown Toledo Improvement District" could provide the cash to spruce up and promote the business district."

"In his state of the city speech last Tuesday, Mr. Ford called for:"

"Allocating money from the $2.4 million city parks fund, along with seeking private donations and park grants, to build an amphitheater in Promenade Park. The open-air facility would have a partial roof but would be set in a corner of the park to avoid blocking the view of the river, a spokesman for the mayor said."

"A parking garage in the 300 block of North Erie Street. Projected at 300 spaces, the garage could attract investment to the Nasby-Madison Building and trigger investment in the immediate area. Clayton Johnston, president of Downtown Toledo Parking Authority, said the garage could be financed from parking fees and from $625,000 in revenue that will become available in 2006 when some existing parking authority bonds are retired."

"The mayor has offered a package worth $8 million to encourage O-I to renew its lease at One SeaGate."

"Another cloud is Fifth Third Bank's request to build a surface parking lot and service entrance in the 300 block of North Huron Street - necessitating the demolition of three buildings. The bank has warned that if Toledo City Council refuses to waive the ban on new surface lots downtown, the company will move 140 jobs to Sylvania Township. City Council President Louis Escobar said that he hoped the parking garage would solve Fifth Third's problem."
posted by jr to business at 3:49 P.M. EST     (No Comments)

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