Tuesday, May 24, 2016
Current Weather
Loading Current Weather....
Published: Friday, 10/8/2010

Port authority acquires former Jeep property


The Toledo-Lucas County Port Authority has acquired the Jeep Parkway property for $95,000.

The 111-acre site at 1000 Jeep Pkwy. will undergo an environmental cleanup over the next 18 to 24 months and be redeveloped after that, the port authority said Friday.

In August, the port authority's board authorized President Paul Toth to enter into an agreement to acquire the property from the owner, OldCar Co. Liquidating Trust, an entity representing the old Chrysler. The port is to receive a $1.3 million grant from the U.S. Housing and Urban Development department to cover some of the expenses associated with the purchase. It will seek other grants to fund the cleanup and 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.