TOLEDO, Ohio — Standing in downtown Toledo near the Commodore Perry building, Mayor Wade Kapszukiewicz made a surprising observation about the area surrounding him.
“It is a neighborhood and it is Toledo’s fastest growing neighborhood this century,” he said, noting the area has gained about 1,200 residents since 2000, even as the city lost 35,000 people overall.
Since early summer, 11 Investigates has reported on an influx of out-of-town investors, many of them from out of state. The buying frenzy has accelerated since a spring Wall Street Journal article that declared Toledo a real estate gold mine…