Ogden RDA approves land transfer to developer to restore historic Exchange Building; city to contribute up to $1 million

The Ogden Redevelopment Agency voted April 14 to approve a land transfer and development agreement (LTDA) that would convey the Exchange Building and surrounding parcel to 600 Exchange LLC, a development company led by Thane Fisher, to rehabilitate the long-neglected historic property and lease office space to aerospace firm GMRE.

Jared Johnson, the agency’s presenter, told the board the proposed tenant — GMRE — would bring about 60 jobs initially and that the agency is asking for participation “not to exceed” $1 million from funds the city has already set aside for the project. Johnson described the building’s condition as dire, with daily break-ins, vandalism and wildlife issues, and said the goal is to stabilize and restore the exterior and historically significant elements.

The vote to adopt Resolution 2026-1 was 6–1. Board member Ritchie moved the measure and Vice Chair Graf seconded. Board members Lopez, Lindell, Myers, Ritchie, Vice Chair Graf and Chair Heyer voted in favor; Board member Washington…