Toledo considering buying--not renting--Government Center - 13abc.com Toledo (OH) News, Weather and Sports

Toledo considering buying--not renting--Government Center

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Toledo has operated city government out of One Government Center on Jefferson Street since 1983.

The rent’s been very affordable at $7 a square foot but the state has let the maintenance go and wants to increase the rent.

The building is 22-floors tall and Toledo occupies 8-floors.

But now Mayor Collins is thinking the city might rather buy the building for a buck than rent.

The mayor’s chief of staff, Bob Reinbolt says, “So we’re doing our cost analysis and we’re looking at it.”

A lot of the maintenance in the building has been deferred which means if Toledo wants to be a landlord it may have to spend $7-million in repairs and upgrades.

Reinbolt says, “If it’s cost effective, we’ll pursue it more;  if no, we’ll look at other options.”

Lucas County County Commissioner Pete Gerken (D) admits, “This is a complicated project, it’s not one that I’m sure the county would take on.”

Gerken wants a good deal, both in rent and in services.

The county rents 100,000 square feet, so Gerken is willing to give the city a shot at convincing the commissioners it can handle being a landlord.

Gerken says “I’d like to know what their capabilities are to serve the tenant.”

And that is a factor, especially when there’s a list of repairs that must be done.

Nothing is final, no offer has been made and city council has a say before any deal is finalized.  But buying a property the city rents may be a tough sell on council.

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