Obviously, all of our efforts are directed toward protecting public health as we battle COVID-19, but we have to keep in mind that we will eventually pull through this. That is why I want to begin today's newsletter by emphasizing something positive.
We announced earlier today that
the city and Metroparks Toledo are still working together on the development of the riverfront in East Toledo. This is a major investment and improvement of the waterfront property that stretches from the I-280 Bridge to International Park.
We will be asking Toledo City Council for approval to convey International Park to Metroparks Toledo, which will result in a net savings for Toledo residents through the reduction of maintenance costs such as major infrastructure repairs and grass mowing. It will allow the regional park system to drastically improve the property. We believe this will allow more access to the waterfront, increase tourism, and promote economic development. These improvements were essential for the nearby, and nearly complete, mixed-use Marina Lofts development to occur.