Downtown Toledo - Madison Avenue a safe nice area? (Maumee: insuring, condo)

[fkwd0130]

Know nothing about the area, but interested in business there. Any insight would be great! Would this area be defined as East Toledo? We have read that is a bad area.

Thanks

[AnytimeAnywhere]

It's downtown Toledo. I can't really comment on it's safety, but others can. It shouldn't be as bad as the east side or central Toledo.

[canudigit]

East Toledo is across the Maumee River from downtown Toledo where Madison Ave. is. Madison is not in a bad area of downtown, just one of the major streets that make up the downtown district. I believe that there are a lot of attorneys' offices on Madison. This part of downtown is generally safe during the day with people walking around, but, like the rest of downtown, kind of shuts down after the 9-5 workers go home. However, Toledo's downtown has shown new signs of life in the past decade. A gorgeous new ballpark was built in, I believe, 2003, which helped a lot to bring some nice restaurants and bars downtown again, and a brand new arena, which I hear is really nice too, just opened downtown a few months ago. It is the home of the local hockey team and hosts other concerts, etc. The locals are counting on the new arena helping to continue the rebirth of downtown Toledo.

It's actually getting rather nice down there in the ballpark/arena area, which is close to Madison Ave. Now if the economy would turn around and people would invest in Toledo again, it could turn out to be a boom area and property values there would certainly go up.

[lastonestanding]

Originally Posted by canudigit

It's actually getting rather nice down there in the ballpark/arena area, which is close to Madison Ave. Now if the economy would turn around and people would invest in Toledo again, it could turn out to be a boom area and property values there would certainly go up.

Dont get your hopes up just yet, somehow Carty predicts a $30 million dollar deficit for next year... IDK, but yes there is progress in downtown Toledo especially now with the new arena and who knows, maybe when the casino is finished there will be more progress, but again Im not getting my hopes up just yet.....

[UTRocket011]

Originally Posted by fkwd0130

Know nothing about the area, but interested in business there. Any insight would be great! Would this area be defined as East Toledo? We have read that is a bad area.

Thanks

I am a UT student and frequent the downtown area for its bars and nightlife. I also go downtown during the day sometimes to attend city council meetings or to go to the library. There are some rude and shady people, particularly the homeless and high school kids, but with the existence of the improvement district I would venture to say that the main, downtown area is one of the safest parts of the city. Madison Ave, of which you speak, is lined with financial institutions, government buildings and attorney offices. It is one of the main streets of the downtown area and would be a great place for you to set up your business. Just two blocks south of the new arena is the 5/3 Field, built just a few years ago, around which have spawned a few bars, art galleries and loft/condo living options. I anticipate the future of downtown being much brighter with the new multi-purpose arena. Do your research, however, because downtown is still in its initial stages of coming back and will not support all types of businesses. May I ask what type of business you wish to open? Please let me know if you have any more questions as Urban Studies is my field of study and I've studied our downtown area quite immensely. I would also recommend taking a look at http://www.downtowntoledoimprovementdistrict.com; they have played a great role in insuring the safety and prosperity of businesses in the area.
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