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Published: Tuesday, February 06, 2018 @ 9:23 AM
Updated: Friday, April 13, 2018 @ 4:52 PM
— One of downtown Dayton’s most prolific developers plans to renovate a vacant building in the fast-growing Webster Station neighborhood to create new offices and spaces possibly for retail or dining options.
Woodard Development, one of the developers of the Water Street District, has acquired the former Lotz Paper Co. building at 607 E. Third St., which sits next to the renovated steam plant near the Cannery Loft apartments.
Woodard Development wants to transform the upper floors of the five-story building into unique and “innovative” office spaces, said Jason Woodard, principal of the firm.
“It’s an area we really like,” Woodard said. “It’s right there in the path of growth and innovation.”
Webster Station has become one of the hottest neighborhoods in the region for new housing, but it’s also welcomed some new office product and commercial investment that is helping turn it into an “innovation district,” officials and developers say.
Development and city officials say they hope the new investment continues to spread to other vacant properties in the neighborhood, which had suffered from decades of job losses and disinvestment as heavy industry pulled out or shut down.
Woodard is in negotiations with the city of Dayton for another empty commercial property that is right next door to the building he just acquired.
Woodard Development has taken control of the Lotz paper building next to the former Dayton Power & Light steam plant, which has been renovated into offices and a swanky new event space.
Woodard’s plans are to renovate the vacant building into new office space. The building, which is about 35,000 square feet, will be called the Avant-Garde.
Published: Wednesday, May 23, 2018 @ 9:11 AM
— The city of Dayton has agreed to loan $10 million to a partnership that is working to revive the Dayton Arcade.
It is one of the city’s largest economic development investments since the construction of the Schuster Center and the ballpark where the Dayton Dragons play. The loan was announced today at the Dayton City Commission meeting.
The resurrection of the nine-building arcade complex would have the same kind of dramatic and far-reaching impact as the opening of Fifth Third Field in 2000 and the Schuster performing arts center three years later, which are among the main reasons why downtown welcomes about 7.2 million visitors annually, said Dayton officials and local economic development leaders.
“Much like Schuster, RiverScape and baseball, the arcade seeks to be catalytic because there is 1 million square feet of vacant space around it that already is in conversation with developers who are waiting to see what happens with the arcade,” said Dayton City Manager Shelley Dickstein.
She later said, “The city hasn’t invested in a project like this, to this level, in 15 years.”
Most of the funding for the project has been secured, and if this plan does not succeed, it’s extremely unlikely there would be another opportunity like this again to bring the long-vacant complex back to life, officials said.
City officials said the arcade project would be another major downtown destination and would increase the tax base and be a magnet for new investment in that part of downtown.
But officials also said the arcade’s innovation hub will have a programming presence in all corners of the city to ensure the entire community benefits from the project.
The Dayton City Commission today will authorize the loan of up to $10 million to the Dayton Arcade LLC to help provide one of the last major pieces of funding for the first phase of the project, officials said.
The city’s loan only will be “activated” if the development partners close on the project’s financing, which is expected to take place in August.
The loan will be interest-only for seven years. The city will internally borrow its own funds and repay that over seven years with economic development funds. At the end of seven years, the borrower will need to repay, refinance or reach another agreement about the loan.
The funding means the city will have a “participatory” piece of the revenue generated by the arcade moving forward, said Diane Shannon, Dayton’s director of procurement, management and budget.
The interest on the loan will be the same return as the city would have earned had it left the funds invested, Shannon said.
“This keeps us active in the game for a seven-year period, and then we’ll have a day of reckoning,” she said.
The development agreement approved today provides an early release of up to $2 million in funds to pay for demolition work inside the arcade to help obtain accurate construction bids. Internal demolition is expected to begin in early June, with bids being solicited the f0llowing month.
The loan is a big commitment for the city, but it was already invested in the project.
In 2015, the city of Dayton contributed about $450,000 for repairs and other work on the arcade to keep it dry and stable and prevent further deterioration. The city also agreed to contribute about $1 million to the project help pay for architectural, engineering and other professional services.
The city also committed $2.5 million of its federal HOME dollars to help create new apartments inside the arcade.
The $1 million the city committed to professional services will be returned by the developer when the city brings the $10 million to the closing, officials said.
The Dayton Arcade is a civic piece of real estate that has been expected to perform as a conventional piece of real estate, which is not financially feasible, said John Gower, urban design director at CityWide.
“You have to bring all these other financing sources to the table, because you would never be able to debt finance this thing,” Gower said.
The arcade partners have been awarded tens of millions of dollars in low-income housing tax credits, new market tax credits, state and federal historic tax credits and other incentives.
Published: Tuesday, February 27, 2018 @ 4:12 PM
— Presidential adviser and son-in-law to the president Jared Kushner has had his security clearance downgraded, according to media reports citing unnamed government sources.
BREAKING: Trump's son-in-law and adviser Jared Kushner has lost access to President's Daily Brief - two government officials pic.twitter.com/KcNSwqqOr4— Reuters Top News (@Reuters) February 27, 2018
The downgrade means that Kushner, a senior presidential adviser and the husband of President Donald Trump's daughter, Ivanka Trump, will no longer have access to top secret, classified documents, according to CNN.
Kushner was not the only White House staffer affected by the move. In a memo sent last week, access for all staffers with an interim security clearance was also downgraded, according to media reports.
The move follows the resignation last month of former staff secretary Rob Porter amid allegations of domestic abuse by two former ex-wives. During the media storm that followed the Porter allegations, sources revealed that Porter, Kushner and dozens of other White House aides had regular access to top secret U.S. documents without permanent security clearances.
According to Politico, which first reported the story Tuesday, Kushner's clearance has been reduced to secret and his foreign policy responsibilities are expected to be reduced as well.
New: The White House just downgraded Jared Kushner's access to classified information.— Ari Melber (@AriMelber) February 27, 2018
Pres. Trump has the power to override the decision, but chose NOT to -- per Politico report.https://t.co/w1pIHDSL9f pic.twitter.com/msViQ9OIEU
For months, Kushner has been unable to pass an extensive FBI background check, something that's required for top security clearances.
White House Chief of Staff John Kelly moved this month to end the temporary clearances of staffers who have been operating under them since last summer, CNN reported.
Kushner's attorney said in a statement that the change in security clearance would "not affect Mr. Kushner's ability to do the very important work he has been assigned by the president," Politico reported.
White House press secretary Sarah Huckabee Sanders would not answer a question about Kushner's security clearance at Tuesday's briefing, but Kelly said last week in a statement that he expected Kushner to continue with his work without any trouble.
Published: Tuesday, May 22, 2018 @ 10:26 PM
KETTERING — A new device was invented that could help save students' lives in a school shooting, according to News Center 7's Lauren Clark.
Within the last 6 months, Chris Monturo - employee of the Miami Valley Crime Lab and owner of Lockdown EDU - has come up with a device that's meant to block windows so a shooter cannot look into a classroom or break the glass to get inside. "It's a simple device that simply hangs on the door and latches into place," said Monturo. "We can't rely on other people. We need to figure out what we can do."
Monturo's motivation is personal - his wife is a Kettering school teacher, and they have two sons in school at Centerville. "Situation arises... it gets mounted... it's on. Now the window is secured. Now no one can enter from the other side... break through that window... then unlock the door and get in," said Monturo. He knows, by now, that a school shooting can happen anywhere.
This device could be a quick and effective addition to classrooms here in the Miami Valley and beyond, said Clark of News Center 7. "Any other step, be it gun control or any other kind of large process like that, is not going to happen overnight. So, there are things that can happen overnight. So, that's what I'm trying to work for is - let's get something in place now instead of all that discussion,” said Monturo.
For more information about Lockdown EDU, or to purchase a device, visit https://lockdownedu.com.
Published: Sunday, May 20, 2018 @ 4:52 PM
Updated: Tuesday, May 22, 2018 @ 10:16 PM
FAIRBORN — UPDATE @ 10:15 p.m. (May 22): A man who became the focus of a standoff with police Sunday, after his wife told police he used a sword to assault her in their home, remains in jail tonight.
Anthony Dyamond Sr., 56, is in the Montgomery County Jail on a $50,000 bond on felony charges of felonious assault, tampering with evidence and inducing panic.
Fairborn police were dispatched to the home on Gierson Place just before 2 p.m. Sunday on a call about a domestic violence situation.
A woman called 9-1-1 to report that her husband used a sword to assault her. She left the residence and he remained inside.
She was treated at hospital. He exited the residence, police said, after a brief standoff.
INITIAL REPORT (May 20)
Police have taken a man into custody after assaulting a female Sunday afternoon in Fairborn.
SWAT crews were called to the scene after the man barricaded himself in the home located in the 2200 block of Gierson Place, police said.
The man was taken without incident.
No other details are immediately available, according to a press release.
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