Adrian locals investing in downtown - News, Weather, Sports, Toledo, OH

Adrian locals investing in downtown

ADRIAN, MI (Toledo News Now) -

More than 20 people inAdrian are coming together to invest in a building that was in foreclosure, andit's a trend city leaders say they're seeing more of.

The building is located onEast Maumee Street, and is just one of several downtown buildings that will seenew life.

"It's not about one or twopeople putting a whole bunch of money in, it's about a whole bunch of peopleputting a relatively small amount of money in and making good things happen,"said Don Taylor, an investor.

Taylor says they plan toupgrade the apartments upstairs, and will continue renting the first floor to alocal business.

"From an economicdeveloper standpoint like I have, it's just fabulous news because they're nowcommitted to downtown," said Chris Miller, of DDA and Economic Development. "We'vesold eight buildings in the last six months, which probably hasn't happened inabout half a century, so it's pretty cool."

Those who live and work inthe city say they couldn't be happier, and say you really can't put a price ona on a vibrant downtown.

Copyright 2013 Toledo NewsNow. All rights reserved.

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