TOLEDO, August 23, 2018:
The Toledo-Lucas County Port Authority Board of Directors
approved today a purchase agreement with the State of Ohio to
purchase Michael V. Disalle Government Center. The State of Ohio
will transfer title of the building to the Port Authority for
one dollar. The Port Authority
Board of Directors also approved today $1 million in reserve
funds to provide an operating fund for the operation of the
building at start-up.
“The Port Authority is uniquely positioned to own and manage One
Government Center for the good of the community,” said Paul
Toth, President and CEO of the Toledo-Lucas County Port
Authority. “By adding One Government Center to our facility
portfolio, we are able to keep the building in local government
hands, provide stability to its current tenants, and most
importantly keep the occupancy costs low for the governmental
entities occupying the building.”
Currently, One Government Center houses more than 1,500 City,
County and State office employees in support of governmental
operations in Northwest Ohio. The building has 22 stories with a
total of 505,000 square feet of space and a four-story parking
garage with approximately 350 parking spaces.
“The Board is very committed to the local community and we will
make sure One Government Center will continue to be an asset of
which the residents of Northwest Ohio will be proud,” said
John Szuch, Chairman of the Toledo-Lucas County Port
Authority Board of Directors.
One Government Center was constructed by the State of Ohio in
1983 at a cost of approximately $61 million. Construction debt
on the building has been paid off. The building has been managed
by the Ohio Building Authority and more recently by the State of
Ohio Department of Administrative Services.
The Port Authority has been in discussions off and on for the
past four years, and over the past eight months completed due
diligence regarding the facility and its condition and entered
into negotiations for the sale of One Government Center.
The Port Authority currently owns and manages several downtown
Toledo facilities including: One Maritime Plaza, Two Maritime
Plaza, the Dr. Martin Luther King, Jr. Plaza, and the
Vistula, Port Lawrence and Superior parking garages.
The mission of the
Toledo-Lucas County Port Authority is to develop expertise and
assets that drive and grow the region’s transportation and
logistics infrastructure and its economic prosperity for all.
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