Monday, March 27, 2006

Dayton Evaluating Urban Renewal Options for 12-Acre Site

As part of long-term community planning efforts, the City of Dayton is working to consolidate commercial nodes along the business corridors. One area identified as a concentration point is the Wayne Avenue and Wyoming Street intersection.

A recent study concluded that a 12.25-acre area near the Wayne and Wyoming intersection is blighted and has potential redevelopment value. As a result, City officials are moving forward with an urban renewal process that could lead to redeveloping the site for future commercial development.

Pierce Street, Wyoming Avenue, Hawker Street and Wayne Avenue generally bound the targeted area. It contains 86 parcels of property. According to the study, 44 percent of the buildings in the area show major deterioration or are substandard. Only 10 percent of the principal buildings in the study area were found to be sound.

To fully evaluate the redevelopment potential of the area, the City of Dayton intends to seek out interested developers and proposals. From there, an Urban Renewal Plan may be developed, and redevelopment plans will be shared with the community for feedback. The City Commission would ultimately be required to approve a formal Urban Renewal Plan. The entire process could take several months.

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