(Toledo News Now) -
A
program designed to boost economic development is one step closer to becoming a
reality in Lucas County.
A
joint economic development district, if approved, would be a joint agreement
between the City of Toledo and Monclova and Swanton townships, that would focus
on creating an area that will attract new businesses.
The
area in question is near the airport. The Port Authority just voted to include
the land and office space they own in that area, as well.
The
program would create an income tax for those who work in the district, but the
money generated from it would stay in the area.
"You
have to put water and sewer and utilities and roads to create development,"
said Paul Toth, president of the Lucas County Port Authority. "This is a great
source of funds to be able to do that. Once you put the infrastructure in, now
you have the basis for constructing new warehouses and stuff like that that we
think are great opportunities for the airport area."
Before
the project can be finalized, property owners in the district need to sign to
be included. The income tax could go into effect 60 days after a final
agreement is made.
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Lucas County Port Authority President Paul Toth
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