One Government Center Sold in $1 Deal

posted by News Radio 1370 WSPD & 92.9-FM - 

(Toledo, OH) The port authority is buying One Government Center-- for a dollar. 

The Ohio Department of Administrative Services once offered the same dollar-deal to Toledo city officials, if they agreed to take responsibility for much-needed repairs in the building. But past administrations decided there was too much uncertainty and backed out of buying the 22-story structure. 

The port authority is putting one million dollars in escrow for those repairs and is demanding more certainty-- only buying the administrative office tower if Toledo and Lucas County government officials extend their current leases to 10-year terms. 

There will be expensive renovations needed down the line: window repairs and work on its heating and air-conditioning system chief among them. The state to date has deferred maintenance on Government Center while trying to unload the downtown Toledo building.

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