The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.

Saturday, June 23, 2012

Will Toledo, Ohio Be The First Major American City To Be Owned By China?

According to a recent Fortune article , Chinese investors have been very busy purchasing distressed commercial real estate in Toledo lately.... In March 2011, Chinese investors paid $2.15 million cash for a restaurant complex on the Maumee River in Toledo, Ohio. Soon they put down another $3.8 million on 69 acres of newly decontaminated land in the city's Marina District, promising to invest $200 million in a new residential-commercial development. That September, another Chinese firm spent $3 million for an aging hotel across a nearby bridge with a view of the minor league ballpark. Toledo is being promoted to Chinese investors as a "5-star logistics region ". From Toledo it is very easy to get to Chicago, Detroit, Cleveland, Pittsburgh, Columbus and Indianapolis.
Read the rest here
The Economic Collapse 

Judy Morris,
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