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Chinese investment firm Dashing Pacific Group Ltd. completed its $3.8 million purchase of the east side Marina District on Saturday, followed by a ground-breaking ceremony and celebration.
The sale was finalized Saturday morning with Mayor Mike Bell's signature. Wu Kin Hung and Yuan Xiaohong, the two members of Dashing Pacific, purchased the 69-acre area.
"It's a great day in the city of Toledo," Mayor Bell said. "This day is a pivotal keystone."
The ground-breaking ceremony was attended by the Chinese investors, Toledo City Council members, and others and took place along the Maumee River at the Marina District. The ceremony included a prayer, singing of the National Anthem, speeches, and
Ms. Yuan's traditional Chinese dedication of a rock, which she said symbolizes their commitment to Toledo's future.