Toledo Mayor D. Michael Collins says he??ll yank the Marina District property away from its Chinese owners and put it back on the market if he can??t get talks going with them. The mayor says he??s been unable to meet with the Chinese company.
He says there was understanding that substantial development would be made on the property, and there??s been none.
Mayor Collins says he was scheduled to meet with the owners in February, but that never happened. Neither did another scheduled meeting in early June.
He says if he doesn??t hear from the owners by the fall, he??ll put the property back on the market.
??My goal is to have a seamless transaction on the property, or perhaps sell it for more than 3.8, but that??s the bottom line,?? Mayor Collins said.
The Marina District was acquired by a Chinese company called Dashing Pacific in 2011.