City to spend $10,000 on downtown Spitzer Building - News, Weather, Sports, Toledo, OH

City to spend $10,000 on downtown Spitzer Building

TOLEDO, OH (Toledo News Now) -

A measure presented to Toledo City Council on Friday calls for the city to spend $10,000 on operating costs for the Spitzer Building.

This comes in addition to $5,000 the city provided last month for the building's operating expenses.

The Spitzer Building, which was Toledo's first steel-framed skyscraper, is scheduled to close Dec. 1.  It's currently owned by California businessman Koray Urgur, who hasn't paid the building's property taxes or mortgage payments.

The building has been operated by a court-ordered receiver, Patrice Spitzer, a relative of the family which owned and operated the building for many decades. Tenants have been told they have to move out.

The city, county and receiver are set to each kick in $10,000 so the building can be secured under local control for long-term redevelopment.

Councilman George Sarantou says he supports the effort to save a historic and iconic building in the downtown area.

"I think it's important in this case," he said. "Certainly the city can't bail out everybody, but there's a lot of potential in that area and we've seen more people living downtown."

The building will go to a sheriff's sale on Nov. 7. If after two sheriff's sales there are no bidders, the building can then be taken over by the Lucas County Land Bank.

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Copyright 2013 Toledo News Now. All rights reserved.

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