TOLEDO, Ohio (WTVG) – Will Toledo taxpayers be kicking in additional money for a new housing and retail complex?
Developers say the cost is going up for the Colony project and they need the city’s help relocating a sewer project to make the housing project happen.
Eventually, the 42-inch storm sewer will be increased to a 72-inch line by Central Ave. near Monroe St. To develop there, the line needs to be moved, so the Colony project is asking for more money to do it.
If granted the financial assistance, the Colony project will have 262 market rate apartment units, 120 hotel rooms, retail space and a restaurant on Central Ave. near ProMedica Toledo Hospital. But, this comes with a much higher price tag.
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