MON., AUG. 15, 2011 - 1 P.M.
IRONVILLE TERMINAL - 2863 Front Street - Toledo

TOLEDO, Ohio, August 12, 2011 – On Mon. Aug. 15, 2011, Toledo-Lucas County Port Authority President and CEO, Paul Toth and Midwest Terminals of Toledo will join together with state and local officials to dedicate the Port Authority-owned rail line currently under construction at Ironville Terminal. Golden Rail Spikes will be pounded into the rail line by the officials in honor of the dedication.

The Port Authority and Midwest Terminals will also share their joint future plans which include three phases of development focused on using the 71 acres of waterfront property for material delivery and handling to support a new manufacturing base located on the 110 acre balance of the property.

Ironville Terminal is currently in Phase One – Rail Installation - of the three-phased project. In November 2008, the State of Ohio awarded Lucas County $5 million in Job Ready Sites Grant (JRS) funding - the highest amount allowed - to facilitate the rail infrastructure improvements at Ironville. The grant funding reduced the development window by seven years and this was the first time that Lucas County received a JRS award.

The Toledo-Lucas County Port Authority purchased the former Chevron property for $3.4 million in 2008. The Port Authority formed a private-public partnership with Midwest Terminals of Toledo through a long term lease for the property. That acquisition made the Toledo-Lucas County Port Authority the largest land mass seaport on the Great Lakes.
The 181 acres of land was used as an oil refinery from 1890 to 1987 and successfully completed the State of Ohio’s Voluntary Action Program (VAP) when Gulf Oil Company spent $19 million on site remediation, $6 million more than the VAP required.