The next phases of the “massive Dayton Arcade complex” will represent an investment of more than $124 million, and its developers are seeking funding including state and federal historic tax credits, property assessed clean energy (PACE) financing, and the new transformational mixed-use development tax credit, among others, the Dayton Business Journal reports. The Arcade is “a university-anchored, mixed-use innovation district that aims to catalyze the $1 billion redevelopment of two million square feet of vacant and underutilized buildings,” according to the article. The project is expected to create 200 new businesses and “2,500 new jobs that have average salaries between $50,000 and $75,000.” Plans include retail and office space, housing, a shared-use commercial kitchen, a hotel, and Arts Underground, which “aims to include a dynamic mix of arts, theater and food entrepreneurs.” For more, read the full article.
Dayton Arcade developer plans to invest $124M for next phases
