The Press Newspaper
It’s taken four months of building relationships, but City of Toledo Deputy Mayor Dean Monske believes the pending purchase of The Docks riverfront restaurant complex by the Chinese development firm Dashing Pacific Group, LLC is only the beginning.
Monske believes this same company could be the one that develops the 127-acre Marina District in East Toledo.
The Chinese company has signed an agreement to purchase The Docks for $2.15 million. The matter will go in front of city council, which has to approve the transaction before the sale can be closed.
Councilman Mike Craig expects discussion to begin next week and a vote in about two weeks.
“I think it’s a good thing,” Craig said. “I think most everybody on council is supportive. We’ve got somebody interested in our riverfront and in our city. Banks aren’t letting loose of any cash and we really need the investment in Toledo. I think at least one of the restaurant pads will be filled by the summer.”
Oregon City Council last week approved the purchase of a new camera system that will be used to inspect sewer and water lines. The equipment will help the city in its investigation of inflow and infiltration (I&I) issues to reduce or eliminate excessive storm water from the wastewater collection system.
On cable television’s first episode of TV Land’s “Hot in Cleveland,” actor Betty White mockingly referred to Toledo as “The Paris of Ohio.”
If one were to ask Chinese investors representing Dashing Pacific Group, LLC what attracted them to Toledo, they might tell you that the veteran actor’s lines were not far from the truth.
The Chinese development firm has signed an agreement to purchase The Docks riverfront restaurant complex in East Toledo’s International Park.
Toledo Deputy Mayor Dean Monske, a former director of the Oregon Economic Development Foundation, and Perrysburg real estate investor Scott Prephan, who represents the Chinese company, say Toledo’s cultural opportunities have impressed the Chinese.
Representatives of the villages of Genoa and Elmore and Clay Township are scheduled to meet Feb. 2 to discuss the next phase of a trail project linking the three communities.
The City of Northwood dropped 35 Christmas trees into the lake at Ranger Park last week to provide shelter to smaller fish from predators.
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