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Dayton EDA approves purchase of 'Triangle' parcel, moves to list it for sale
Summary
The Dayton Economic Development Authority approved a resolution to purchase the "Triangle" property (funded by a city loan) and subsequently voted to list the parcel for sale to entertain offers; the council had agreed to a $300,000 loan to enable the purchase.
The Dayton Economic Development Authority voted to approve a resolution to purchase the parcel known internally as the "Triangle" property, following a report that the Dayton City Council had agreed to make a $300,000 loan to the EDA at 4% interest to enable the acquisition from Henipin County. The motion to approve the purchase carried with six votes in favor; one member was absent.
After discussion in closed session about offers and negotiating strategy, the EDA returned to open session and voted…
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