But the document also gave the organizations the option to extend the due diligence period to the end of March, which they have decided to exercise.
UD and Premier said their partnership to buy and revitalize the fairgrounds continues to move forward as planned.
“… we look forward to finalizing our purchase of the property soon,” according to a joint statement from UD and Premier.
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The fairgrounds purchase price will be $15 million, with UD and Premier each chipping in about $5.25 million. The county will provide a $2 million credit on the purchase if the buyers agree to retain and rehab the historic roundhouse.
The Dayton-Montgomery County Port Authority also has a $2.5 million state allocation to contribute to the project.
According to the agreement, UD and Premier would have to close on the purchase within 15 days of the conclusion of the due diligence period.