The sale to Nasby LLC had been delayed due to TARTA first needing approval from the Federal Transit Administration to sell Park Station. Redevelopment of the Nasby Building is viewed as important to also support redevelopment of the Nicholas and Spitzer buildings which each occupy other corners at Madison Avenue and Huron Street and were recently acquired by the Lucas County Land Bank.
This legislation is part of the city’s effort to encourage economic development and further private investment at this intersection of downtown. Those interested in watching the council meeting can do so virtually by visiting https://toledo.legistar.com and scrolling down to the council meeting and clicking on “in progress”.
As Manager for Local Government Advocacy, Tim Schneider advocates for local policies and laws that safeguard and foster a pro-business environment in the Toledo Region. Tim has more than 10 years of legislative and public policy experience with the local, state and federal levels of government.