13 abc has learned of a delay in the renovation project at the Fiberglas Tower downtown. The developer want renovation on $30 million dollar project to by Christmas. But a delay in a tax credit could push back renovation until late summer.
The developer wants to fill 28-floors with apartments, hotel rooms, a restaurant, stores and perhaps a gym.
But the recent financial fiscal cliff in Congress has forced a delay.
An investor who wants to be part of the project needs a $4 million dollars something called a New Market tax credit. Funding for the tax credit was just passed by congress but the money may not be awarded until April or May.
Nick Eyde, the developer with the Eyde Company out of Lansing, MI told 13abc reporter Bill Hormann today, "We're very pleased funding has been re-instated for the tax credit. We are committed and finding a way to get this project done."
Eyde's company has put $1.6 million into the parking garage next door and spent $2 million dollars cleaning out the asbestos in the building.
If the investors get the tax credit, closing on the property could happen sometime in July then renovations could begin by September.
But right now, the project rests on the investor getting that $4 million dollar tax credit.
Thursday, May 23 2013 8:02 PM EDT2013-05-24 00:02:06 GMT
The 27-year-old woman who was on the ground staring into the barrel of a shotgun says Toledo police officers saved her life. Valarie Williams tells 13 ABC's Christine Long that it is nothing short of
The 27-year-old woman who was on the ground staring into the barrel of a shotgun says Toledo police officers saved her life. As a man stood over her pointing a shotgun to her face, Valerie Williams says, "It was like an angel came because the cops pulled up."
Thursday, May 23 2013 6:25 PM EDT2013-05-23 22:25:21 GMT
Planning is underway for the First Annual African American Male Wellness Walk in Toledo. The walk will be held August 3, 2013 at the African American Legacy Project located at 1326 Collingwood Boulevard.
Planning is underway for the First Annual African American Male Wellness Walk in Toledo. The walk will be held August 3, 2013 at the African American Legacy Project. Go to 13abc.com for details.
Thursday, May 23 2013 6:22 PM EDT2013-05-23 22:22:19 GMT
Some families in Maumee were surprised to open their utility bills and find some were ten times the normal amount. Many come from the Wrenworth subdivision and say they've been getting these very high
Some families in Maumee were surprised to open their utility bills and find some were ten times the normal amount. Many come from the Wrenworth subdivision and say they've been getting these very high bills recently and now they're asking why. At least one family did not get an actual meter reading in several months.
Thursday, May 23 2013 6:16 PM EDT2013-05-23 22:16:18 GMT
The Toledo-Lucas County Port Authority will put a levy request before voters this fall. The board of directors officially decided today to put a five year tax levy on the November 5th ballot. Port Authority
The Toledo-Lucas County Port Authority will put a levy request before voters this fall. Port Authority leaders say the levy will help to continue its community development efforts.
Thursday, May 23 2013 5:49 PM EDT2013-05-23 21:49:00 GMT
Frozen dessert shop Apricato opened its third location in downtown Perrysburg Thursday. Apricato serves a healthier option to frozen treats. They serve frozen yogurt and parfaits, with the option to add
Frozen dessert shop Apricato opened its third location in downtown Perrysburg Thursday. Apricato serves a healthier option to frozen treats.
Thursday, May 23 2013 4:02 PM EDT2013-05-23 20:02:17 GMT
COLUMBUS, Ohio (AP) - Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not
Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not rampant abuses.
Thursday, May 23 2013 2:33 PM EDT2013-05-23 18:33:40 GMT
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
If you're in Archbold and you hear the sound of 100 harps, you're not just hearing things. The 6th annual Harp Gathering is underway May 16-19th.Denise Grupp-Verbon co-founded the festival with her husband.
Thursday, May 23 2013 9:46 AM EDT2013-05-23 13:46:40 GMT
The month of May will likely end up in the top 10 list for the driest May's on record. Despite the dry month it does not look like we are headed for a repeat performance of last year's drought and extreme
The summer forecast calls for above average rainfall for most of the Great Lakes region with near average temperatures.
Wednesday, May 22 2013 6:11 PM EDT2013-05-22 22:11:42 GMT
The Toledo mayor's race may be a crowded affair but so far no viable Republicans. All seven announced candidates have to first file petitions and be certified by the Lucas County Board of Elections.
Toledo Mayor Mike Bell has the financial backing of Republicans and the Independent could get the party's endorsement.
Wednesday, May 22 2013 3:53 PM EDT2013-05-22 19:53:47 GMT
COLUMBUS, Ohio (AP) - Ohio state lawmakers moved boldly Tuesday against storefront sweepstakes parlors they have come to view as illegal gambling operations, advancing separate bills effectively banning
An effective ban on Internet cafes targeted as illegal gambling operations has cleared the Ohio Legislature after more than two years of wrangling.
Thursday, May 23 2013 8:02 PM EDT2013-05-24 00:02:06 GMT
The 27-year-old woman who was on the ground staring into the barrel of a shotgun says Toledo police officers saved her life. Valarie Williams tells 13 ABC's Christine Long that it is nothing short of
The 27-year-old woman who was on the ground staring into the barrel of a shotgun says Toledo police officers saved her life. As a man stood over her pointing a shotgun to her face, Valerie Williams says, "It was like an angel came because the cops pulled up."
Thursday, May 23 2013 6:25 PM EDT2013-05-23 22:25:21 GMT
Planning is underway for the First Annual African American Male Wellness Walk in Toledo. The walk will be held August 3, 2013 at the African American Legacy Project located at 1326 Collingwood Boulevard.
Planning is underway for the First Annual African American Male Wellness Walk in Toledo. The walk will be held August 3, 2013 at the African American Legacy Project. Go to 13abc.com for details.
Thursday, May 23 2013 6:22 PM EDT2013-05-23 22:22:19 GMT
Some families in Maumee were surprised to open their utility bills and find some were ten times the normal amount. Many come from the Wrenworth subdivision and say they've been getting these very high
Some families in Maumee were surprised to open their utility bills and find some were ten times the normal amount. Many come from the Wrenworth subdivision and say they've been getting these very high bills recently and now they're asking why. At least one family did not get an actual meter reading in several months.
Thursday, May 23 2013 6:16 PM EDT2013-05-23 22:16:18 GMT
The Toledo-Lucas County Port Authority will put a levy request before voters this fall. The board of directors officially decided today to put a five year tax levy on the November 5th ballot. Port Authority
The Toledo-Lucas County Port Authority will put a levy request before voters this fall. Port Authority leaders say the levy will help to continue its community development efforts.
Thursday, May 23 2013 5:09 PM EDT2013-05-23 21:09:15 GMT
A new charter school in downtown Toledo is offering students a blended school environment. Students spend four hours in a classroom, and the rest of the curriculum is offered online. We spend the day
A new charter school in downtown Toledo is offering students a blended school environment. Students spend four hours in a classroom, and the rest of the curriculum is offered online. We spend the day at Nexus Academy of Toledo to see how the program works.
Thursday, May 23 2013 4:02 PM EDT2013-05-23 20:02:17 GMT
COLUMBUS, Ohio (AP) - Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not
Ohio's elections chief said Thursday a first-of-its-kind statewide review found instances of voter fraud in the battleground state during last year's presidential election but not rampant abuses.
Thursday, May 23 2013 12:47 PM EDT2013-05-23 16:47:37 GMT
Source: TPS website
Police have arrested five teens, including four Bowsher High School Students, for a senior prank that went awry. Court documents say the five were caught on surveillance camera throwing paint, birdseed,
Police have arrested five teens, including four Bowsher High School Students, for a senior prank that went awry.
Thursday, May 23 2013 5:49 PM EDT2013-05-23 21:49:00 GMT
Frozen dessert shop Apricato opened its third location in downtown Perrysburg Thursday. Apricato serves a healthier option to frozen treats. They serve frozen yogurt and parfaits, with the option to add
Frozen dessert shop Apricato opened its third location in downtown Perrysburg Thursday. Apricato serves a healthier option to frozen treats.
Thursday, May 23 2013 9:46 AM EDT2013-05-23 13:46:40 GMT
The month of May will likely end up in the top 10 list for the driest May's on record. Despite the dry month it does not look like we are headed for a repeat performance of last year's drought and extreme
The summer forecast calls for above average rainfall for most of the Great Lakes region with near average temperatures.
Thursday, May 23 2013 5:07 AM EDT2013-05-23 09:07:37 GMT
The picture has been shared over 23,000 times on Facebook. It shows a note pinned to a car. In the note, Facebook user, Jeremy Jon, explains that he took the car owners dog to the Bowling Green Police
Police say viral photo on Facebook is a hoax. Man claimed to save a dog and then posted it on the social network to impress a girl.
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