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Published: Monday, March 20, 2017 @ 12:21 PM
Dayton Power and Light Co. will shut down two power plants in a rural Southern Ohio county, according to a company statement.
The company announced two power-generation plants in Adams County will shut down by June 2018. The plants — known as J.M. Stuart and Killen stations — are not “economically viable beyond mid-2018,” according to DP&L.
The Dayton Daily News first reported earlier this year that the company announced its intention to close the plants in a January filing with the Public Utilities Commission of Ohio. The rumors have caused communities near the plants to voice their concerns.
EYES IN THE SKY : From above, DP&L copters inspect for damage
“There’s a huge financial impact headed our way, and frankly, it doesn’t feel like our concerns are being heard, in either Dayton or Columbus,” Michael Pell, president of First State Bank in Winchester, Ohio, told this news organization.
The plants generate about $3.8 million annually in property taxes to the county and local entities, and DP&L owns 5,500 acres in Adams County. The plants have about 490 employees, with an additional 200 contracting employees. The annual payroll is more than $30 million.
“DP&L recognizes the extent of the impact and uncertainty this decision creates for our people. The Company is fully committed to proactively managing workforce transitions related to the closure of these generation units,” a company statement said.
FIVE FAST BUSINESS READS
Published: Monday, January 22, 2018 @ 2:30 PM
— The Dayton-Montgomery County Port Authority has tools to help redevelop the Good Samaritan Hospital site, trustees of the authority said Monday.
Last week, Premier Health announced that it was closing the hospital in Northwest Dayton, saying the site would be shuttered within a year, with 1,600 employees being transitioned to other Premier locations in the area.
Rick Poole, a trustee of the Port Authority, said that even before last week’s announcement, however, fellow trustees had discussed how to do more for the west side of the city and the community in a planning meeting last month.
“I think there is even more opportunity to focus on the west side of the city,” Poole, owner of Natural Foods Plus in Dayton, said at a trustees meeting Monday.
Jerry Brunswick, the Port Authority’s president and executive director, agreed.
“The importance for all of that stuff has now accelerated,” Brunswick told Poole and his fellow trustees. “There’s going to be a shovel ready site.”
Leaders of Premier said they hope to work with Dayton city government and local stakeholders on positioning the Good Sam site for the future.
Later, Brunswick said the Port Authority has several tools at its disposal, including a $14 million bond fund shared with the Greater Cincinnati Redevelopment Authority. From that fund, both organizations can issue bonds that can help finance development in their respective service areas.
Port Authorities can also offer sales tax exemptions on construction projects and get construction started quickly in “no bid” projects, he added.
The Port Authority is also involved in redevelopment of the former Montgomery County Fairgrounds, today owned by Premier and the University of Dayton.
“We’ve got unused capacity as it stands,” Brunswick said.
He said neither Premier nor city government have yet approached the Port Authority for help.
“I think Premier and CityWide (Development Corp., the city’s private development arm) know about our capabilities,” Brunswick said.
After the meeting, Poole said addressing needs in that part of the community is more important than ever.
“We have started to take the initiative even before that devastating announcement,” said Poole, whose business is located at 2901 Philadelphia Drive, about two miles from Good Samaritan.
The Columbus firm planning NEXT will be involved in redevelopment of the hospital site on Philadelphia.
No date for demolition of the hospital has been set, since it will be operating until the end of the year.
Published: Monday, January 22, 2018 @ 11:23 AM
— Amazon’s first store, which has no checkout lanes, opened today in Seattle.
The new concept Amazon Go will give consumers “the world’s most advanced shopping technology so you never have to wait in line,” according to the online retail giant. Some industry experts are calling the concept the future of brick-and-mortar retail.
» MUST-READ BUSINESS NEWS: Amazon raises price of Amazon Prime monthly memberships
So, how does it work? Consumers use the Amazon Go app to enter the store, take the products they want and walk out. No checkout. No lines.
The store’s technology uses computer vision, sensor fusion and deep learning to automatically detect when products are taken or returned to the shelves and keep track of them in a virtual cart. Customers grab their items and go, and then their Amazon account is charged with the bill. The store will offer ready-to-go meals, grocery essentials and even locally made food.
The first store in Seattle is about 1,800 square feet of retail space.
FIVE FAST BUSINESS READS
Published: Monday, January 22, 2018 @ 11:08 AM
Dayton Children’s Hospital is planning to hold a career fair.
The pediatric hospital is holding a job fair 4 to 7 p.m. Feb. 7 at the Marriott at the University of Dayton.
Positions include staff nurses, clinical support, clerical support, respiratory therapists, physical therapists, environmental services, patient access, pharmacy and others for both the south campus in Springboro and the main campus in Dayton.
Open positions at Dayton Children’s can be viewed online.
Published: Monday, January 22, 2018 @ 9:44 AM
The Dayton housing market is one of the least competitive in the country, at least among buyers who make mortgage loan requests through the Lending Tree online marketplace, the company said.
In a national ranking, Dayton ranks relatively low for factors Lending Tree deems indicative of a competitive housing market. Prospective buyers in this area have relatively low average down payments, among other factors Lending Tree placed in the ranking.
On the list of 100 cities with the “most competitive home buyers,” Dayton ranks overall at 96, below Augusta, Ga. and above El Paso, Texas. Youngstown Ohio is last on the list at No. 100. San Francisco, Calif. is first.
In the Dayton market, 53 percent of buyers shop for a mortgage before identifying the home they want, leaving it ranked at No. 78 for particular criterion, Lending Tree said.
Dayton-market buyers have a down payment of 12 percent, according to Lending Tree, ranking it at 97 for that factor. Forty percent of homebuyers enjoy “prime credit,” leaving a ranking of 91.
In 2017, Dayton was ranked 95 on the list.
As Lending Tree put it in a release, “This is great news for buyers in Youngstown, Ohio, McAllen, Texas, and Scranton, Pa., and other accessible cities, which are often in Rustbelt and Southern states, as home ownership is accessible to a larger part of the population.”
See the ranking here.
For months, Dayton-area Realtors have said low inventory is making home-buying more competitive in this area. They routinely advise prospective buyers to be ready to move on homes they want.
“We’ve been in bidding wars on houses, which is something we haven’t seen in years,” Jan Leverett, treasurer for the Dayton Area Board of Realtors, told the Dayton Daily News last month. “Houses are coming up that are selling within 12 to 24 hours if they’re the right location at the right price.”