The city of Springboro is paying $409,640 for 0.2 acres, “the last piece of the puzzle at Wright Station,” according to one city leader.
Without discussion, the council voted unanimously Thursday to authorize City Manager Chris Pozzuto to pay the price to Yolo Development, a company set up by Mills-Barnett Development for the city-center redevelopment project.
Before the building was demolished, the building at 66 W. Central Ave. was the office of Dr. Connie Ball.
Ball’s medical office was one of the businesses relocated for redevelopment of the former Springboro IGA Plaza, on the northwest corner of Ohio 73 and Ohio 741, Central Avenue and Main Street in Springboro.
The only business remaining on the property is Center Stage Dance Studio, which is Springboro City Councilman Stephen Harding’s mother’s business.
The dance studio, Springboro Chamber of Commerce and Springboro Community Theater are tenants in the Springboro Performing Arts Center. Dayton-based Warped Wing is to open a second location across from the center.
Tenants have not been announced for the rest of the property.
The Warped Wing development should cover where Ball’s office stood.
While the other properties in the development were purchased by the city, Yolo purchased Ball’s office building from Fred Lensing in August 2018 for $350,000, according to county property records.
Ball, who relocated to 562 N. Main St., declined to comment on the sale. Lensing could not be reached.
“This is the last piece of the puzzle for Wright Station,” Pozzuto said before Thursday’s vote.
“They tore the building down. Now we will be assuming ownership of the property so that we can roll this into the master grand lease,” Pozzuto added.
The Wright Station development is being built by Yolo through a lease with the city.
In response to questions from this newspaper, Pozzuto said Thursday’s purchase price included the cost of demolition.
As for why Yolo bought the property from Lensing, rather than the city, Pozzuto said this enabled the deal to be made more quickly.
“They could purchase the property more quickly because they don’t have to go through the legislative steps we do,” Pozzuto said in an email response.
According to Warren County property records, the 0.2 acre property is valued at $329,380, $97,680 for the land.
Lensing owned it for just over 10 years, after purchasing it from the Wade Insurance Agency in 2008. Wade acquired it from Homer Preston, owner of the Springboro IGA, according to the online county records.
The city paid Preston’s family more than $3 million for the rest of the former plaza, setting the stage for the redevelopment.
RELATED: Springboro IGA demolition begins
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