WYSO

Dayton Arcade

The rotunda section of the Arcade is in urgent need of repair. downtown dayton
David Bohardt / Arcade Task Force

The Dayton City Commission agreed Wednesday morning to approve a $10 million loan to the development group in charge of renovating the Dayton Arcade. Commissioners will grant the loan to Cross Street Partners, Model Group and McCormack Baron Salazar “at the time the developer group closes its financing arrangements.”

City Manager Shelly Dickstein says the move by the city is a necessary one.

Dayton Arcade Miller-Valentine Group (MVG) and Cross Street Partners (CSP) development economic economy downtown whaley levitt
Miller-Valentine Group website

The Dayton Arcade redevelopment initiative moved another step forward Wednesday with the announcement of $5 million in historic tax credits for the project. State development officials awarded the tax incentives to the Arcade along with a dozen other projects around the state.

Dayton Arcade Interior, 2013
Tom Gilliam / http://instagram.com/daytongram

The University of Dayton and the Entrepreneur’s Center will become the anchor tenants of the Dayton Arcade.

 

Both organizations say they are collaborating on a promise to create the Arcade Innovation Hub.

 

 

 

Eric F. Spina, 19th president of the University of Dayton
University of Dayton

The University of Dayton Tuesday inaugurated Eric F. Spina as its 19th president. The Buffalo, N.Y., native is only the second lay leader in the school's 167-year history. Spina is a mechanical and aerospace engineer who previously served as vice chancellor and provost at Syracuse University.

In a special ceremony at UD Arena, President Eric F. Spina called on the school to help "shape a more just future" by preparing all students to advance the common good.

The rotunda section of the Arcade is in urgent need of repair. downtown dayton
David Bohardt / Arcade Task Force

The Dayton Arcade is now one step closer to reopening, thanks to a new agreement approved by Dayton City Commission.

Under the new professional service agreement, the city will provide 1 million dollars to developers Miller-Valentine Group and Cross Street Partners to aid in the historic building’s renovations.

The roof of the Arcade. The building has recently sustained water damage.
David Bohardt / Arcade Task Force

City of Dayton officials have approved preliminary plans by development companies Cross Street Partners and Miller-Valentine to turn part of Dayton Arcade into affordable housing units geared towards Dayton’s creative community.