More than 20 people in
Adrian are coming together to invest in a building that was in foreclosure, and
it's a trend city leaders say they're seeing more of.
The building is located on
East Maumee Street, and is just one of several downtown buildings that will see
"It's not about one or two
people putting a whole bunch of money in, it's about a whole bunch of people
putting a relatively small amount of money in and making good things happen,"
said Don Taylor, an investor.
Taylor says they plan to
upgrade the apartments upstairs, and will continue renting the first floor to a
"From an economic
developer standpoint like I have, it's just fabulous news because they're now
committed to downtown," said Chris Miller, of DDA and Economic Development. "We've
sold eight buildings in the last six months, which probably hasn't happened in
about half a century, so it's pretty cool."
Those who live and work in
the city say they couldn't be happier, and say you really can't put a price on
a on a vibrant downtown.