Promedica announces move downtown - 13abc.com Toledo (OH) News, Weather and Sports

Promedica announces move downtown

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Promedica announced it is looking to move its headquarters into the old steam plant building along the Maumee River in downtown Toledo.  That move is generating a buzz.

The steam plant is one of those jewels along the river; Promedica sees that and is willing to relocate its headquarters in what is now an empty shell of a building.

Promedica has announced plans to move its headquarters into the Steam Plant building in downtown Toledo, relocating 700 employees.

Promedica has announced plans to move its headquarters into the Steam Plant building in downtown Toledo, relocating 700 employees.

Promedica plans a $40-million renovation in consolidating its administrative operations in this and the Key Bank building.  The move would bring 700 workers downtown.

Diane Keil-Hipp, with the Toledo Warehouse District says this provides the area with a burst of energy, saying, "The fact that they choose downtown says a lot about what they see as the future of this area."

Promedica would join Owens Corning. Libbey Glass and HCR Manorcare with downtown headquarters, each within two blocks of the other.

And those big businesses are helping small businesses.

Dave Keen is the manager at Pizza Papalis which is about a block from the steam plant.  He sees a Promedica move as generating new business for the restaurant. "You're going to have a lunch crowd that's going to come out from that 700 and possibly a dinner crowd, as well," he said.

And that sort of activity could breed other activity, especially along the "For Lease" spaces at Fort Industry Square.

Hayley Gronemeyer, sales manager at the Park Inn across from the Fort Industry Square says, "Sure, we hope to see some retail in the downtown that would be great for our guests, definitely good for the city."

There are a couple issues to resolve:  One, is the incentive package it will take to get this deal done.  But two, the parking situation.  Where will you put a garage?

The plan is building a parking garage at Promenade Park.  But Promenade was scheduled for a make-over to create a larger green space along the river.

Matt Sapara, the development director with the City of Toledo believes the park and the garage can sit on the same site.  "I don't think the two are mutually exclusive," Sapara told 13abc's Bill Hormann.  "I think with the designs we're talking about you could still see a parking garage that can accommodate those employees while at the same time still offering green space to accommodate the needs of the city."

As for the incentive package, Toledo may need the state to help with that.  And since this is a re-election year for governor John Kasich (R), he may feel pressure to help Toledo and Promedica make the move.

The Promedica move could help the Berdan Lofts project and the Fiberglas Tower project.

It could inspire small businesses to invest but, at the very least, it signifies Toledo's downtown is open for business.

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