John Carney (was there ever a more revealing surname?) expressed his "bewilderment" at news that the city has called off its involvement in developing the Berdan Building. Toledo's part in the venture would have been to draw on HUD funding to finance development. The city would also have been on the hook for the full amount if the venture were to fail.
I have had the distinct displeasure to know John Carney. It is not a bad thing this deal fell through because he's the type of guy you would want to count your fingers after shaking hands with him. You ever meet some guy who you would never want to do business with? That's him. Maybe somebody in the city hierarchy wised up to him.