Potential deal in works for decaying building - Toledo News Now, Breaking News, Weather, Sports, Toledo

Potential deal in works for decaying building

Posted: Updated:
TOLEDO, OH (Toledo News Now) -

The Lucas County Land Bank is now in possession of the former Caesar's Show Bar on the corner of Jefferson and Ontario.

The building is showing signs of decay, and poses a public safety threat due to bricks and other pieces of the exterior that have been found on the sidewalks nearby.

County Treasurer Wade Kapszukiewicz said the Land Bank is working with a potential buyer, and a deal could be finalized in the near future.

The identity of the potential buyer is currently unknown, but it is reportedly someone with a history of development projects.

Kapszukiewicz said the last thing he wants to see happen is the building falling further into decay and being demolished. He hopes a deal with be closed son so the property can go back on the tax rolls and be re-developed.

Related: Crumbling downtown building may be dangerous

Copyright 2013 Toledo News Now. All rights reserved.