Tuesday, October 13, 2015
Current Weather
Loading Current Weather....
Published: Wednesday, 7/1/2009

Troy Township, Toledo plan development zone

The city of Toledo and Troy Township in Wood County will form a joint economic development zone in a 460-acre tract near the Ohio Turnpike interchange at Stony Ridge, Mayor Carty Finkbeiner said Tuesday.

Under the agreement, Toledo will provide sewer and water service to the zone, and the city and the township will split a 2.25 percent income tax to be levied on new businesses. The township will get 60 percent and the city 40 percent.

The parcel, at State Rt. 420 and U.S. 20, is owned by Dominion East Ohio Gas Co. of Cleveland. The tax-sharing district has been approved by the Troy Township trustees, and the issue is to go before Toledo City Council Tuesday for a first reading, Mr. Finkbeiner said.

Robert Emans, a Troy Township trustee, said the agreement was requested by Dominion East Ohio Gas, which needs water and sewer service to market the property for development.

Recommended for You

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.