Mayor Bell to sign MOU on Marina District with Chinese investors

Dashing Pacific Group is now interested in the Marina District as well as the Docks.

Press release from the City of Toledo:

Bell to sign memorandum with investors interested in Marina District

Toledo Mayor Michael P. Bell expects to sign a memorandum of understanding (MOU) on Tuesday before City Council's economic development committee hearing with investors interested in the Marina District. The MOU is not a solid offer for purchase, but indicates that Dashing Pacific Group is interested in purchasing and developing the riverfront district pending the successful purchase of The Docks restaurant complex.

Dashing Pacific Group made an offer to purchase The Docks in January of this year and Council will contemplate the proposal at their hearing beginning at 10:30 a.m. on Tuesday morning, February 8th. The administration has asked for a vote on the sale at the full meeting of council on Tuesday afternoon.

Mayor Bell will be available for comments following Tuesday's hearing.


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Toledo gets $2.15 million offer for The Docks from Chinese group

Press Release:

Bell Administration to Forward Proposal for Sale of Docks

Mayor Michael P. Bell expects on Tuesday morning to deliver a proposal for the sale of The Docks restaurant complex to Toledo City Council for consideration.

The proposal offers $2.15 million for the property and is offered by a group of investors, Dashing Pacific Group, based in China. The relationship with the investors was initiated in September when Bell and Dean Monske, Deputy Mayor for External Relations, joined a multi-city tour of China seeking business development. Representatives of Dashing Pacific have since made two visits to Toledo to further explore the opportunities that exist for expanding their businesses in North America, once in October and once in December.

Both the Mayor and Deputy Mayor, along with a representative of the investment group, will be available to answer questions at a 9:30 a.m. media briefing on Tuesday, January 25th in the Mayor’s office.

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