DAYTON, Ohio (WDTN) – Dayton Business Journal is reporting Fuyao is interested in taking over the redevelopment of the Montgomery County Fairgrounds from Miller-Valentine Group.
Miller-Valentine has been interested in the property and was in the process of securing public and private funding for the estimated $18.5 million cost to purchase the fairgrounds property. The company planned to turn it into a shopping, entertainment and housing center, for those plans, click here.
2 NEWS reached out to the Miller-Valentine Group about the deal and received the following statement via e-mail:
“The funds for the Fairgrounds Relocation have been secured. In fact, $19.1 million has been secured for the Fairgrounds Relocation project through both public and private support to date. However, the Montgomery County Fair Board and Miller-Valentine Group have determined that the Northbrook Industrial Park in Brookville, initially identified as a new home for the Montgomery County Fairgrounds, as currently proposed, is no longer a viable option for this relocation.” – David Dickerson, Miller-Valentine Dayton Market president.
According to the Dayton Business Journal sources who wished to speak privately said Dewang Cao — the chairman of Fuyao Group, has expressed an interest in taking over the project to build a retail, office and apartment center similar to other lifestyle centers in the region.