Economic program could bring business to Toledo airport area - News, Weather, Sports, Toledo, OH

Proposed program could bring business to airport, requires income tax

Lucas County Port Authority President Paul Toth Lucas County Port Authority President Paul Toth
(Toledo News Now) -

Aprogram designed to boost economic development is one step closer to becoming areality in Lucas County.

Ajoint economic development district, if approved, would be a joint agreementbetween the City of Toledo and Monclova and Swanton townships, that would focuson creating an area that will attract new businesses.

Thearea in question is near the airport. The Port Authority just voted to includethe land and office space they own in that area, as well.

Theprogram would create an income tax for those who work in the district, but themoney generated from it would stay in the area.

"Youhave to put water and sewer and utilities and roads to create development,"said Paul Toth, president of the Lucas County Port Authority. "This is a greatsource of funds to be able to do that. Once you put the infrastructure in, nowyou have the basis for constructing new warehouses and stuff like that that wethink are great opportunities for the airport area."

Beforethe project can be finalized, property owners in the district need to sign tobe included. The income tax could go into effect 60 days after a finalagreement is made.

Copyright 2013 Toledo News Now. All rights reserved.

 

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