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Former local CEO buys land near airport for $400K

FILE
FILE

A former area chief executive has purchased 17 acres in Vandalia at the corner of North Dixie Drive and Northwoods Boulevard — near Dayton International Airport and Interstate 75 — late last week for $400,000.

Montgomery County property records show the sale of 17.21 acres at the northeast corner of that intersection, recorded Thursday. The buyer is identified as Bison Commercial Investments LLC and the seller as Spears Property Management LLC.

According to state business filings, Lundy and Elizabeth Neely are the incorporators for Bison Commercial Investments. Lundy Neely started water systems manufacturer Crown Solutions in Vandalia in the 1980s, a company that become part of Paris-based Veolia Water Solutions & Technologies. Neely left the company in 2013.

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Amber Holloway, Vandalia assistant city manager, said Monday that she’s not aware of any imminent plans for that land.

“We’ve had all kinds of talk about that property in the past,” Holloway said.

Earlier this month, Holloway and city officials said an unnamed manufacturing facility is looking to relocate and bring hundreds of jobs to Vandalia or another city.

“We really don’t know a whole lot about the company at this point or what they do outside of the fact that it is a manufacturing business and there’s a potential for 300 jobs to come to the city of Vandalia,” Holloway said earlier in July.

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Officials at the time said a company was considering property in the Northwoods Business Park.

“We are very early in the process,” Rich Hopkins, a city spokesman, said at the time. “We won’t know for a while which way the company will go.”