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Written by Kelly Kaczala
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Wednesday, 16 February 2011 09:54 |
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An agreement with BP-Husky Refining, and the start of significant capital improvement projects were among the 2010 highlights in Oregon last year.
The city last December approved a 30-year Tax Increment Financing (TIF) agreement with BP-Husky Refining that will help the finance capital improvement projects in the area.
Taxes attributable to increased property values at BP would be set aside in a fund to finance public improvements within the boundaries of the TIF zone.
The agreement requires BP to make the school district whole so it would not lose tax revenue.
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Written by J. Patrick Eaken
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Wednesday, 16 February 2011 09:52 |
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The Baker Building that broke ground and opened last year is the first new commercial building constructed in Pemberville since 2006.
In 2005, a car wash just a few hundred yards away was permitted and construction was finished the next year. Before that, you have go back years, maybe even decades.
The 2,250 square foot Baker Building at 531 East Front Street is located just east of the railroad tracks off State Route 105 just as one is leaving town en route to Woodville. It has room for four businesses.
The building was constructed by Lance and Darla Baker, who formed L. Baker Property Holdings LLC. The building’s principal tenant is Darla Baker Insurance Agency LLC. Two other suites are 600 square feet each and the fourth suite is 350 square feet.
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Written by J. Patrick Eaken
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Wednesday, 16 February 2011 09:51 |
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Last summer, public officials and community leaders joined Penn National Gaming, Inc. for the groundbreaking of the $250 million Hollywood Casino-Toledo, scheduled to open the first half of 2012.
The 290,000 square foot casino can be seen rising off Interstate 75 and Miami Street on the banks of the Maumee River just opposite downtown Toledo. The casino’s art deco architectural design will be complete with structured parking on a 44-acre East Toledo site adjacent to the Libbey-Owens-Ford/Pilkington in Rossford.
The casino project was expected to create 2,100 new jobs during construction and employ 1,200 when it opens — with at least 90 percent of the permanent jobs designated for residents of the Toledo metropolitan area, said a City press release during the groundbreaking.
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