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Developer presses Dayton for up to $5.2 million in public assistance; council asks for more analysis
Summary
Developer of the proposed Parkway neighborhood briefed Dayton City Council on a multi‑phase project and requested a package of public finance assistance (fee forgiveness/land write-down of up to $2.7M and a proposed $2.5M city financing option). Council praised the project but said the late submission and scale of subsidy require detailed Ehlers analysis and a January work session.
A developer seeking to build a multi‑phase, high-density residential project on the south side of I‑94 told Dayton City Council on Dec. 10 he needs city participation in public infrastructure to unlock the development.
Zach (staff) summarized the city's public-finance request packet: the city was being asked to forgive up to $2,700,000 in city fees (including a proposed land write‑down) for phases 1 and 2 and to consider an additional $2,500,000 in city financing (presented as a bond or alternatives such as a city loan or a special assessment). Staff said the total request was a combination of waived fees, land valuation adjustments and proposed debt support intended to cover the roadway and traffic signal costs that would service the development.
Developer Michael Elsifon (speaker 10) said the project would…
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