DAYTON, Ohio (WDTN) – Dayton City Commissioners approved the sale of a property located at 1926 Radio Road in Dayton at Wednesday night’s commission meeting.
For last two years, the building at 1962 Radio Road has sat un-used. It has deteriorated over time, becoming a prime spot for vandals.
But now the city wants to change that by selling to property to a Cincinnati-based investment group. The 20-year-old building was originally an industrial cleaning company for linens and other cloths.
But that company went bankrupt and the city was able to get ownership of the property, hoping to turn things around and attract manufacturing companies to move-in. City officials say now’s the time for companies to invest in these type of properties.
“While we have a growing economy,” City of Dayton Economic Development Director Ford Weber said. “I think this is a good time to take some of these deteriorating properties and refurbish them see if we can market them and have them put back to productive use.”
The Cincinnati-based investment group will now have 120 days before they will decide whether or not to buy the property from the city.