The Press Newspaper
The Chinese development firm Dashing Pacific completed the purchase of 69 acres of Marina District property on July 1, marking the first major milestone in the development of the East Toledo property.
The $3.8 million purchase agreement includes additional options for Dashing Pacific to purchase and develop more land in the 127-acre Marina District. Dashing Pacific already owns The Docks restaurant complex near International Park.
The village had minor trouble with a bond for a $5.7 million electrical project but the overall health of Genoa finances is good, village officials say.
In 2004, Genoa leaders took out the multi-million dollar improvement bond with the American Municipal Power of Ohio, with a 50-year payback period.
Health department website posts beach advisories
Residents in several area towns are being offered incentives to purchase compact fluorescent lights through a program set up to help consumers save on their electric bills.
Coupons offering discounts on the CFLs are being mailed to residents in the villages of Elmore, Pemberville, Oak Harbor, Genoa, Woodville, Bradner, Haskins, and the City of Bowling Green.
Chinese developers broke ground on the Marina District Saturday morning with investors Wu King Hung and Yuan Xiaohong of the firm Dashing Pacific Group in attendance.
East Toledo District 3 councilman Mike Craig expected the sale to the developers of 69 acres of Marina District property for $3.8 million to have closed late last week before the groundbreaking. The sales contract is to include options for the Chinese to purchase more property in the 127-acre Marina District.
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