The company “wants to bring the building up to date so it can be marketed for further development as a manufacturing and distribution site,” said Ford Weber, Dayton’s director of economic development.
The company has pledged to invest at least $1.8 million into the property, which includes the $300,000 purchase price.
The city, which sold the property to Phoenix JCR, obtained the state grant in 2012 to make roof repairs to help make the site “job ready.” But the project was cancelled because of rising repair costs, city officials said.
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