The New York Times - Newspaper
Infusion From China for Toledo, Ohio
TOLEDO, Ohio — Before it became known as the Marina District, the 128 acres of tall grass and dirt piles on the Maumee River here was home to one of the city’s most prominent eyesores, the Acme coal-fired power plant, which was decommissioned in 1994.
Adjoining the riverfront parcel is the Docks, a 69,550-square-foot formerly city-owned dining and entertainment complex that for years after it was built in 1996 was among Toledo’s most popular destinations. But the recent recession hit Toledo hard, and two of the five restaurants closed this year, leaving hundreds of thousands of dollars in unpaid rent and lost tax revenue. [ More ]
The Blade - Newspaper
Kasich lauds Docks sale, plans area road project
Toledo deal counteracts flight of U.S. jobs, he says
Gov. John Kasich Wednesday night praised the city of Toledo's sale of The Docks entertainment complex to Chinese investors, saying the Dashing Pacific investment in Toledo represented a counterpoint to the flight of American manufacturing jobs to China.
"The ability to attract some foreign capital is vital to Ohio jobs and Ohio families," he said at a news conference before a speech Wednesday night to a Wood County Economic Development Commission banquet at Hilton Garden Inn, Levis Commons, in Perrysburg. [ More ]
The Toledo Free Press - Newspaper
Business delegates have positive impressions of China
Local business people, who were part of Toledo’s most recent delegation to China, returned from the trip last week with positive impressions of their Chinese counterparts and the potential for additional investments in Toledo and Northwest Ohio.
“I was impressed beyond my expectations with Mayor Bell and how he engaged the people on the goodwill side and as a strong ambassador for the business community,” said Dean Niese, senior vice president and chief operating officer of the Mannick & Smith Group, Inc. of Maumee. [ More ]
The Blade - Newspaper
Chinese investors express intent to purchase Marina District in East Toledo
The pair of investors, who have been identified as Wu Kin Hung and Yuan Xiaohona, forwarded a memorandum of understanding Monday night to Toledo Mayor Mike Bell pledging their intent to buy and develop part of the once-polluted Marina District in East Toledo into a mix of hotels, restaurants, and condominiums.
Mr. Bell is expected to sign the document Tuesday morning before Toledo City Council's economic development committee meeting that is scheduled to discuss the purchase agreement deal for the The Docks in East Toledo. [ More ]
The Columbus Dispatch - Newspaper
Kasich welcomes Chinese investors in Toledo
Owners of Docks complex have more plans
PERRYSBURG, Ohio - After sharing a bear hug with Toledo Mayor Mike Bell, Ohio Gov. John Kasich was whisked behind closed doors to meet with some Chinese investors looking to pour millions of dollars into Bell's city.
"We have an opportunity for some major investment," Kasich declared to reporters waiting in the hall at the Hilton Garden Inn last night. "I want to make sure we do it right." [ More ]
Deadline Now - Television
Deadline Now: China Invests in Toledo
With the Chinese firm Dashing Pacific's purchase of 69 acres of Toledo's east-side Marina District, Deadline Now explores what foreign investments mean for our region. [ More ]
FOX News - Television
The Docks sale now a done deal
TOLEDO, Ohio (WUPW) - The Docks and the Marina District soon may have the same owner: a Chinese investment group. [ More ]
FOX News - Television
New lease on life for The Docks
TOLEDO, Ohio (WUPW) - The sale is final and it looks like all the restaurants in the Docks will soon be full. The Chinese investment company which bought the property is in town checking things out. [ More ]
National Public Radio - Radio
China Daze
In many ways, the Toledo area just south of the border is more like Michigan than Ohio. It features an aging industrial city based on the automotive economy and suffering from its decline. [ More ]
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