O-495-24 Authorizing the appropriation and expenditure of an amount not to exceed $7,574,152 from the Local Fiscal Recovery Fund for clean-up, demolition and redevelopment of brownfield sites; authorizing the Mayor to enter into an amended agreement with the Lucas County Land Bank for said purpose; and declaring an emergency.
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
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