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

Lathrop announces move to downtown Toledo

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Where you put your building is more than just the address you put on your letterhead.

When Lathrop moved to Maumee in 1980,  it was following the exodus out of Toledo's troubled inner city.

But now, the president of the Lathrop Company says, "We see the momentum of positive things happening in downtown Toledo."

Tom Manahan says his company literally built Toledo's skyline, from Fifth Third field to Huntington Center to some of the city's tall buildings.

Now, his company will be back among them.

Manahan says "A number of our clients, a number of our business associates and business partners and a number of the community organizations that we participate in are all based in downtown Toledo."

One thought is the Warehouse District could be a good site for Lathrop but no decision yet on any space.

Lathrop admits Promedica's decision to move along the river front at Promenade Park played a factor in going ahead with a relocation to Toledo.

"The redevelopment of downtown is really based on our business titans."

Matt Sapara heads up economic development for the city.  He says there are incentives in the deal.

Lathrop will get a cash grant for every job it brings and creates in Toledo.  But he says Lathrop and Promedica are an indication of the strengthening urban core.

"There's a number of companies we're talking to right now who want to be part of the synergy of downtown right now," Sapara tells 13abc reporter Bill Hormann.

And perhaps by next spring, Lathrop will be part of that synergy as Toledo's downtown once again becomes a magnet for businesses and jobs.

Manahan says, "The metropolitan area as a whole can benefit if we can keep downtown Toledo going."


Fifty workers would move downtown with the company.  Lathrop wants to rent out the building it's using in Maumee before it commits to a spot downtown but the company will move.  Manahan says it wants to be part of Toledo's economic rebirth.
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