Funds to spur growth near Dayton Mall
MIAMI TWP. — The income tax revenue for the district around the Dayton Mall has annually topped $750,000 since a master plan was adopted for the area two years ago.
The infusion of funds that surpassed $800,000 this year has allowed local officials to budget money to aid development projects that can help spur the type of economic growth outlined in that long-range document. So far, no projects have been worthy of significant funding by the newly renamed Miami Crossing Joint Economic Development District Board of Trustees, said Chris Snyder, its treasurer.
“While we’re budgeting funds for development in the district, we’re certainly not planning to
spend those monies if we don’t have a project that’s worth that expenditure at that point and time,” Snyder, Miami Twp.’s community development director, told area leaders recently.
“Some of these funds are being reserved back in case we do have development opportunities that the JEDD would like to participate in,” he added.
Snyder and officials with the city of Miamisburg – which shares the JEDD with the township – hope ongoof 2015 outlined more than ing talks result in new devel$200 million in proposed opment. investment in a 2.2-square
“It’s the goal of the JEDD mile area around the mall. A to grow economic activity,” market assessment showed Snyder said. “We do have the plan could create 1,200 a number of projects that multifamily residential units, we’re looking at that hope- and more than 350 new jobs fully will be going just beyond from thousands of square the study phase, to the confeet of new retail and office struction phase. space within 12 years.
“Certainly, we foresee the In late October, the townJEDD participating in those ship announced an Outback projects – as well as potential Steakhouse and space for redevelopment projects that an additional tenant will be
occur around the Daytransforming the Dayton Mall ton Mall itself in the future,” area formerly occupied by he added. Sears Auto Center.
The master plan adopted The past 12 months, said by the JEDD in December JEDD Vice Chair Chris Fine, a significant effort was put into marketing the Miami Crossing name, which both the township and the city voted this month to replace Dayton Mall in the JEDD’s name.
Next year, officials want to meet with many of the 23 commercial businesses and five government facilities within the district to share ideas to improve the JEDD, said Fine, Miamisburg’s development director.
want to roundtable with the businesses and discuss their needs, how we can better help them improve and move the district forward,” he added.