the humble libertarian

out of many one

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.
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The Economic Collapse 

Judy Morris,
Blogger, THL
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