REDEVELOPMENT
Tech Town project given $5 million grant
Friday, November 14, 2008
Part of the 30-acre site of Tech Town, Dayton's planned redevelopment of former commercial property near the downtown area. A $5 million state grant awarded Thursday, Nov. 13, will support one of the planned projects, a 60,000-square-foot office building to be started in 2009 and completed in 2011.A $5 million state grant will help support one of the next construction projects planned as part of the city's Tech Town redevelopment of idled, former commercial land, a city official said Thursday, Nov. 13.
The grant from the Ohio Department of Development will support construction of an $11.2 million office building that will be designed to make use of renewable energy sources, said Shelley Dickstein, assistant city manager for strategic development.
Construction of the 60,000-square-foot building is to start by the summer of 2009 and be finished in 2011. The building is planned for a site that was cleared last year at the northeast corner of the intersection of Webster and Monument streets, Dickstein said.
Various projects backed by public and private financing are in the plans for Tech Town, intended as a home for technology companies. In all, Tech Town includes more than 30 acres of land near the city's downtown.
The Dayton grant was among 12 that Lt. Gov. Lee Fisher, who also serves as the state's development director, said were awarded on Thursday for projects at 12 sites around Ohio.
Other southwest Ohio projects receiving money were:
• $5 million for renovating the old Bushnell building in downtown Springfield to create 75,000 square feet of office space, in a green energy-friendly design.
• $1.4 million for Keystone Parke, an office campus development incorporating green-energy design at the Dana Avenue interchange of Interstate 71 in Cincinnati.
Contact this reporter at (937) 225-2242 or
jnolan@DaytonDailyNews.com.
