Toledo's Docks Get Chinese Investment

Toledo, Ohio's local economy is ailing, but two developers recruited from China see significant opportunity in redeveloping the city's waterfront.

1 minute read

May 31, 2011, 9:00 AM PDT

By Tim Halbur


The two investors, Yuan Xiaohona and Wu Kin Hung, say they intend "to build a new riverfront residential, office, retail and entertainment district," according to reporter Keith Schneider.

Ms. Yuan and Mr. Wu say they intend the development "to serve as a kind of staging area for international executives to conduct business in the Midwest, a lively urban neighborhood for their spouses and children, and a destination for shopping and dining for residents of the Toledo region."

If their investments are as extensive as planned, they could represent one of the largest real estate investments by Chinese developers in the U.S.

Tuesday, May 24, 2011 in The New York Times

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