The Port Authority's mission is to: "assure that the Toledo area's water, air, rail, and surface transportation assets are developed and operated in a cohesive, coordinated and safe manner in order to provide maximum efficiencies and benefits to shippers, receivers, and passengers; to assure optimum business growth, technology development, investment, job retention and improvement in quality of life.
In 1996, the Port Authority spent $8.5 million renovating the facility and it now serves as an intermodal train and bus terminal with office space above.
According to the Port Authority, it has funded more than 225 economic development projects representing a total investment of more than $1.3 billion and resulting in the creation and retention of more than 13,000 jobs.
It provides the following financing options: Revenue Bond Territory is not limited to the Port Authority taxing jurisdiction, but includes any county in the State of Ohio.
The Port Authority also administers a Foreign Trade Zone, an area physically located in the United States, but considered outside the jurisdiction of U.S. Customs duties.