Adrian locals investing in downtown - Toledo News Now, Breaking News, Weather, Sports, Toledo

Adrian locals investing in downtown

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ADRIAN, MI (Toledo News Now) -

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 new life.

"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 local business.

"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.

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