Tt post jun 10 2016 - b

"I thought Dashing Pacific owned the docks, not the Chinese."

Via Bloomberg

Dashing Pacific Group Ltd. was incorporated in 2011 and is based in China.

http://www.toledoblade.com/chinaconnection2012

Toledo Mayor Mike Bell, left, Yaun Xiaohong and Wu Kin Hung of Dashing Pacific group unveil a symbolic rock in a ceremony in the Marina District, July, 2011.

I did not realize that Dashing-Pacific was selling the land at The Docks that is home to restaurants.

Back in 2011, Dashing Pacific bought The Docks land.

The city of Toledo closed a $2.15 million deal Friday to sell The Docks restaurant and entertainment complex to two Chinese investors.

Ownership of the seven-acre riverfront property in East Toledo now belongs to Dashing Pacific Group Ltd., a U.S. corporation formed by investors Yuan Xiaohona and Wu Kin Hung.

Also in 2011, Dashing Pacific bought 69 acres of the 120-plus acres that comprise the Marina District.

Dashing Pacific, owned by Mr. Hung and Yuan Xiaohong, bought the 69-acre Marina District from the city for $3.8 million in July [2011].

Four years later, Dashing Pacific announced its intention to sell the 69 acres of Marina District land.

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"I also think that the new park should NOT be thought of as a park only for East Toledo. It should be designed to be a metro- or regional draw ..."

No need for concern. The park will be managed by the county-wide entity Metroparks and not the city of Toledo.

"BTW, is there a new name for the park? Any suggestions?"

Bulldog McCloskey Park