O-494-24 Authorizing the Mayor to enter into an amended subrecipient agreement with the Lucas County Land Bank for 10 commercial demolitions as part of the City's ARPA-funded residential and commercial demolition program; and declaring an emergency.
Caveat to Support: Private profits from any development should include aa public service mandate to ensure Toledo recoups funds used to attract private development and ensure long-term ROI. Like Copenhagen, Toledo should own a portion (e.g., 40%) of new developments, with profits permanently reinvested into public services like brownfield remediation, schools, and affordable housing. This mandate must be legally binding to prevent future political changes from disrupting community investment
Caveat to Support: Private profits from any development should include aa public service mandate to ensure Toledo recoups funds used to attract private development and ensure long-term ROI. Like Copenhagen, Toledo should own a portion (e.g., 40%) of new developments, with profits permanently reinvested into public services like brownfield remediation, schools, and affordable housing. This mandate must be legally binding to prevent future political changes from disrupting community investment