Downtown Projects Earn State Tax Credits

Mike ColvinFast Facts

Projects that would continue the revitalization of downtown Dayton have been awarded millions of dollars in special state tax credits. Ohio’s Transformational Mixed-Use Development program made the announcement last week. Nearly $13.9M in credits will go to Dayton Arcade Partners LLC and its $140M plan to convert the Centre City building into apartments, office, and retail space. Developers say the funds will also be used to finish the renovation of the Dayton Arcade, which has been ongoing since 2019, and the nearby Air City parking garage. The state has also awarded $4.3M in tax credits to the Delco project in the Water Street District. Developers Crawford Hoying and Woodward Development are converting the former Mendleson’s Liquidation space into a mixed-use property with apartments, commercial space, office space, and parking.

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