Sunday, Oct 23, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Print Furniture

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.

Points of Interest
Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…