Council approves purchase of 305 acres of research park

UPDATE @ 7:50: Kettering City Council has approved the purchase of 305 acres at Miami Valley Research Park on a 7-0 vote.

Steve Johnson, president of Sinclair Community College and chairman of the Miami Valley Research Foundation, was in attendance and thanked council for their consideration of purchasing the land.

“It’s very important to us that good steward ship continue,” Johnson said. “We are so pleased that Kettering is considering this action tonight.”

EARLIER REPORT: Kettering city council is expected to vote tonight on the purchase of 305 acres in the Miami Valley Research Park.

RELATED: Kettering to purchase 305 acres of Miami Valley Research Park

Friday, the city announced its intentions to buy the land. If the purchase is approved, it could cost the city up to $3 million dollars.

The city has said acquiring the land could lead to luring new businesses and help current businesses expand within the city.

The business park spans over 1,200 acres in Kettering and Beavercreek and is home to some of the Miami Valley’s largest companies. In October, the Dayton Daily News reported that the Miami Valley Research Foundation was looking to sell four buildings and more than 700 acres of undeveloped land valued at $30 million.

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Kettering’s council meeting is scheduled for 7:30 p.m. at the Government Center, 3600 Shroyer Road.

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