As for regulation, one merely needs to see the recent restrictions that the city has placed on locations, numbers, and method of operation of convenience stores and day care centers to begin to comprehend the city's attitude to the business community. It appears that the city only wants certain businesses in certain numbers, and wants to strictly regulate how they do their business. I don't know about you, but my experience with a government control of markets quickly leads to the term "socialism".
This brings us to the final leg of the tripod, the competition of city owned business. Toledo has recently gotten into the ambulance and towing businesses, and most if not all of the private companies have either laid off staff or closed. Now the city wants to run a music venue, in competition with privately owned, non-taxpayer funded facilities. (Doesn't seem quite fair, does it?) Now governments are not normally known for their business acumen, but with taxpayers undoubtedly on the hook for utilities and security, my suspicion is that this venture can't help but succeed. The questions however, are what the costs are to privately owned, tax paying operations and at what costs to taxpayers? Additionally, we should ask what business would consider coming to Toledo know that this is the environment that they would have to look forward to?