Another milestone was reached Tuesday in the deal to redevelop the Montgomery County fairgrounds site. Premier Health, the University of Dayton and Montgomery County have finalized a purchase agreement on the $15 million sale, which includes $2 million from Montgomery County in exchange for preservation of the site’s historic roundhouse.
Montgomery County commissioner Dan Foley says he’s happy the deal will help safeguard the roundhouse for future generations to enjoy.
“People have said to us that they are hopeful we could have found a way to keep that building on the property because they have fond memories of it and it’s an iconic structure so we feel good about he fact that with the purchase made, the roundhouse is going to stay on that property and it’s going to be a central part of the development," he says.
Foley says redevelopment of the fairgrounds property could also help attract more jobs to the Dayton area.
The fairgrounds purchase allows the Montgomery County Fair and the Dayton Horse Show to go on as scheduled later this summer.
Under the terms of the agreement, Premier and UD are expected to take possession of the property in the fall of 2017.