WTOL General Manager Bob Chirdon is on board with the Marina District plan:
The City of Toledo and the Dillin Corp believe they have solved the Marina District puzzle.
In April, the City Council will consider a proposal that includes a 60-acre development featuring retail, restaurants, housing and a marina.
It seems the mayor has found the right plan -- and the right partner.
Unlike previous efforts spearheaded by out-of-town developers who were not contributing any real money, Larry Dillin has committed to finding $65 million dollars in private funding for the initial phase.
Mr. Dillin is a local developer engaged in several other projects. He lives here. He's serious, and he's in for the long haul.
The entire project will take years and cost about $320 million. The city is responsible for donating and clearing the land, assisting in acquiring state and federal money and providing a tax break to Dillin.
There are no public levies or bonds or anything else involved.
This sounds like a good deal to me. I'm Bob Chirdon, and I hope council approves the project and Mr. Dillin is given the opportunity to turn this blighted area into a showplace for the city.
Posted by KO