Dayton Arcade awarded $2.75M in state tax credits for Third Street Arcade rehab

The “most complicated project in the city of Dayton’s history,” the Dayton Arcade redevelopment project, was awarded state historic tax credits for the $27.6 million rehab of the Third Street Arcade, the Dayton Daily News reports. The state of Ohio awarded $2.75 million for “a second phase of the arcade’s restoration focused on two northern buildings in the nine-building complex,” according to the article. This is the third time the Dayton Arcade has won state historic tax credits, bringing the project’s total awards to $11.75 million. The Third Street Arcade project will “rehab an elaborate façade and two-story, sky-lit arcade into a mix of uses,” including a new kitchen incubator, retail and restaurant spaces, apartments and office space. For more, read the full article.

Economic Development, Financial Incentives, State Updates