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Commission approves $6 million to begin Center City Building redevelopment
Summary
The Dayton City Commission approved the city manager’s recommendations to fund predevelopment and remediation work for the historic Center City Building, committing $2 million in ARPA funds and $4 million from the city’s development fund and authorizing reimbursement-based disbursements to the Montgomery County Land Reutilization Authority.
The Dayton City Commission voted to approve the city manager’s recommendations to fund early-stage redevelopment of the Center City Building, a historic downtown property.
Tony Kroger, planning division manager, said the Center City Building is “the quiet grand old dame of downtown Dayton buildings” and argued restoring it would support housing and downtown investment. Veronica Morris, division manager of development, told commissioners the proposal requests $2,000,000 in ARPA funds for predevelopment work and $4,000,000 from the city’s development fund for remediation and strategic acquisition. Morris said the $4,000,000 will be paid on a reimbursement basis to the Montgomery County Land Reutilization Authority after the land bank advances initial costs.
The staff presentat…
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