Uptown Apartments Owner Offers City New Proposal

posted by Rudy Mireles (@RudyMTweets) - 

(Toledo, OH)  After denying a loan forgiveness request last month, the Toledo City Council has received a new offer from Bruce Douglas to sell the Uptown Arts Apartments on Douglas street. 

At Tuesday’s council agenda review meeting, city officials presented a new offer from Mr. Douglas to pay the city $175,000, in exchange for the city forgiving the loan and transferring to the buyer the city-owned property on which the apartment complex was built. 

The previous proposal would have netted the city only $10.

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