City of Toledo plans to bid on former MedCorp siteWritten by Danielle Stanton | | email@example.com
The City of Toledo plans to put in a bid for 13 parcels of land off Stickney Avenue and Elbon Street, the site of the former MedCorp ambulance company, with the intent to develop the site.
Toledo City Council met for an hour in a closed-door executive session Sept. 15 and then voted unanimously to submit a bid to the Eastern District of North Carolina bankruptcy court. Steven Steel and Larry Sykes were the only members not present for the vote.
The land will be used for “industrial development” most likely, said Matt Sapara, director of economic development for the City of Toledo.
“City Council gave us the check to get that property,” Sapara said. “This property has an economic development future.”
The planned purchase will not be for a new county jail that has been in the works, nor does it have anything to do with Jeep, Sapara told reporters. The city wants to acquire it to develop the land or sell it off to another developer, he said.
Sapara declined to go into futher detail about development plans.
“We’ll spend as few of public dollars as necessary,” said Mayor D. Michael Collin, adding that administration had been in discussions since February to buy the property. “This is an opportunity.”
MedCorp, a former Toledo-based ambulance service, abruptly shut its doors in December. The company had filed for Chapter 11 bankruptcy protection in 2011. That same year, it was acquired by First Med EMS out of Wilmington, N.C.
In 2011, MedCorp employed more than 200 people in Toledo.