Loading…
Friday, August 29, 2014
Current Weather
Loading Current Weather....
HomeHome
Published: Thursday, 12/6/2001

Lima panel backs plan to lease ex-depot, hotel

LIMA, Ohio - City council's utilities committee has approved a plan to lease the former Amtrak train station and the former Cambridge Hotel next door to use as a payment and billing center for the utilities department.

Downtown Lima, Inc., has offered to purchase, renovate, and lease the property to the city. Jay Smith, director, said that as a private organization, Downtown Lima could qualify for a historic tax credit of up to $250,000 if it takes on the project.

If approved by city council, Downtown Lima would buy the property for $50,000 and spend up to $1.7 million to renovate it.

The city previously had looked at purchasing and renovating the property, but it would not qualify for the tax incentive.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest






Poll