When this came up as an emergency resolution by the Dayton City Commission more than 100 days ago, this deal stank. To recap, UPS has a lease on the former Emery Air Freight Hub at Dayton International Airport through 2019. UPS had an obligation to pay the city a lot…
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You can’t trust Dayton City Hall
If you think the people running the City of Dayton have your best interests in mind, you are in for an eye opener. I warned of problems with this deal with Industrial Realty Group last week. First, meet our local hometown hero: Mark Herres, CEO of The Builders…
How IRG does “marketing”
The deal isn’t even done on the former UPS site at Dayton International Airport- and the TSA security required by the FAA are now gone. IRG has posted this professional sign in the window- this is what they do with their quick $3 million in profit: Note, the…
Who is sleeping with the vultures in City Hall?
In the grand rush to do anything that looks like progress the City Commission is in a rush to do a deal with IRG, the same people who just took the Moraine GM truck plant for chump change. A source tells me that the city is due revenues from UPS for the former Emery…
The mighty vulture capitalists announce a tenant for UPS site
Possibly in response to the article I posted yesterday, IRG makes an announcement of a tenant. The Emery/UPS facility at Dayton International Airport is over a million square feet. In their first big “success” we have IRG renting 15% of the space to a…
IRG Vultures at work at Dayton Airport
Over the weekend, IRG stripped out the five diesel back-up generators at the former UPS/Emery Air Freight building at Dayton International Airport. Each of these kilowatt generators new were about $1 million. None had much use on them. On the used market, IRG probably…
Why the taxpayers should say no to IRG on Airport deal
Yesterday, I posted documents showing City employees structuring a deal for IRG so UPS could get out of a long-term lease for a very valuable building that sits on city property. IRG stands to put a few million in their pocket right off the bat, with the city asking…
The dilemma of the friends and family plan comes to light
Karen Wick Gagnet and Jim Gagnet are like family to me. I’ve known them for over 20 years. I’ve watched in amazement as Jim has set his sights on redevelopment and done things that others wouldn’t even dream of. The list of his successes is…
What I said about the IRG deal to the City Commission
Someone called “Dayton Informer” decided to turn my speech to the commission into a youtube clip- I think by taping off the screen of his TV- it gives it a kinda funky low-fi look- but the message doesn’t change. Here it is for you to review and…
Most favored developer status in Montgomery County?
In today’s Dayton Daily News we get to read about the “land bank” and how the city is wiping the debts off some sites that they’ve decided were over-encumbered by tax debt and making them available for development: The targeted properties…
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