Posted on 04/15/2011 3:37:11 PM PDT by madison10
The Mayor warned a contentious City Council that their stipulations would drive away potential investors in the City of Toledo, and today that warning became a reality as Chinese investment group Dashing Pacific appears ready to walk away from their offer to buy the Marina District. In a terse one paragraph letter to the City Council, Mayor Webb says that Dashing is reassessing its interest in the 3.8 million dollar purchase and to cancel the economic development meeting on the deal set for next week. The Mayor also made the request to return to his office the authorization for selling the property to Dashing. Council members Lindsey Webb and D Michael Collins threw potential wrenches into the works of the deal during Tuesdays initial examination of the sale by stipulating union workers be included in any sale agreement as well as a rigid business plan be submitted and approved of before the sale.
It is NOT Mayor Webb, but Mayor Bell. Webb is one of the problems.
Sounds like China doesn’t want to buy a union...good for them.
There is Holy Toledo and then there is Detroits retarded little sibling.
They just pissed away a 200 million dollar project that would have hired many union contractors anyway...as most of the non union shops round here couldnt handle that big of a project or meet the bonding requirements anyway...
Libtards....the party of stupid.
I wasnt too happy about it being the chi-coms....but we could sure use the work here...
Atlanta and Phoenix have several projects that just need some new capital.
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