The University of Dayton and Premier Health have announced they’ll join together to purchase and redevelop the Montgomery County Fairgrounds.
A purchase agreement for the $15 million sale is expected in mid-January, but UD and Premiere Health say they’ll work closely with Montgomery County, the City of Dayton and the Montgomery County Agricultural Society to close on the deal as early as this spring.
Montgomery County Commissioner Dan Foley says it’s too soon to say how the new owners will choose to develop the property but believes the benefits will be felt community-wide.
“You know we’re going to have 37 acres that will be redeveloped in the heart of the city, which we think is going to continue the economic momentum for the southern quarter in the city of Dayton,” he says.
Under the current agreement, the Montgomery County Fair and the Dayton Horse Show would go on as scheduled next year with Premier and UD jointly taking possession of the property in the fall of 2016.
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