WYSO

Montgomery County Fairgrounds Sold To University, Health Network

Apr 15, 2017

Montgomery County has sold its fairgrounds to the University of Dayton and a Premier Health Network.

The university and Premier Health both signed a letter of intent in December to buy the Montgomery County Fairgrounds near Dayton.

The university and Premier will each pay $5.25 million of the purchase price.

Montgomery County is giving the institutions $2 million to restore and reuse a historic roundhouse on the property, and the Dayton-Montgomery County Port Authority is contributing a $2.5 million state grant to revitalization efforts.

University and hospital system officials say they don't have specific plans for the 38-acre (15-hectare) property yet. But they say they want to redevelop it in a way that will help the institutions and the community.