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Bell to sign memorandum with investors interested in Marina District

Toledo Mayor Michael P. Bell expects to sign a memorandum of understanding (MOU) on Tuesday before City Council's economic development committee hearing with investors interested in the Marina District. The MOU is not a solid offer for purchase, but indicates that Dashing Pacific Group is interested in purchasing and developing the riverfront district pending the successful purchase of The Docks restaurant complex.

Dashing Pacific Group made an offer to purchase The Docks in January of this year and Council will contemplate the proposal at their hearing beginning at 10:30 a.m. on Tuesday morning, February 8th. The administration has asked for a vote on the sale at the full meeting of council on Tuesday afternoon.

Mayor Bell will be available for comments following Tuesday's hearing.