Get tax credits, building burns weeks later

update 2 July 2:30 pm – edits in italics and strikethroughs.
The headline is wrong.

Mea culpa- The building that burned was 101 Bainbridge, not 15 McDonough.

The property is owned by the City of Dayton- and is adjacent to Garden Station- which was handed over to Weyland Ventures for nothing.

The building that got the tax credits, is still standing, and yes, it was given to Weyland Ventures- and they don’t seem to have to pay taxes- and still get tax dollars for historic tax credits.

June 20, 2018, the headline reads “Developer receives tax credits for $18M rehab project, Dayton tech company to expand.” Next thing you know, there’s a massive fire in part of the building.

I was heading downtown to shoot some drone footage of the fountains at sunset when I saw the smoke and shot this footage.

Of course, this “smokin hot” real estate is part next to of the insane giveaway by the City of Dayton of your tax dollars. First they bought the old Supply One HQ on Wayne Avenue for $450K, then gave it away to Weyland Ventures out of Kentucky. They threw in the community built “Garden Station” for free.  101 Bainbridge- Its parcel ID is R72 00604 0003

The city “sold” the property that burned last night on 24 March of 2016 to “OREGON INNOVATION DISTRICT LLC” which has an address in Louisville. There is  no sale price. The interesting thing about the property tax records- is that Oregon Innovation District doesn’t seem to pay property taxes. PARCEL ID: R72 00611 0061

The rest of us do have to pay taxes.

Here’s the info on the tax giveaway from the above mentioned Dayton Business Journal article:

A robotics and technology company will have new office space in downtown Dayton thanks to a historic tax credit approved Wednesday.

Gosiger Industries, currently located at 108 McDonough St., is planning to expand into the Dayton Motor Car Building after its development partner received $1.8 million from the Ohio Historic Preservation Tax Credit Program. The $18.2 million project would allow the company to occupy new office space in the six-story, 80,000 square-foot building at 15 McDonough St.

Louisville-based real estate development firm Weyland Ventures will rehabilitate and restore the iconic building from its heyday of Dayton’s auto manufacturing era. The concrete industrial building features expansive windows and open floor plates, and has long been underutilized. The building sits close to East Third Street, on the edge of the Oregon District, and is also part of the Dayton Motor Car Company Historic District.

The Dayton Business Journal previously reported Weyland also oversaw the renovation of the Wheelhouse building at 210 Wayne Ave.

According to the tax credit application filed by Weyland, Gosinger “has agreed to lease all of the space in the rehabilitated building to fulfill their space needs now and in the future.” The company intends to occupy part of the building immediately, and will sublease the remaining space. Weyland plans to begin the project by the end of the year, and is looking to complete it by December 2019.

Source: Developer receives tax credits for $18M rehab project, Dayton tech company Gosiger Industries to expand – Dayton Business Journal

While a ton of buildings burn in Dayton, it’s interesting that this is the one where before the fire is out, the Dayton Day-Old News is reporting “2 Juveniles” were caught and are being charged with arson.

There are arsons all over this city, and no one gets caught that quick.

Not only that, only if you are a friend of the Mayor, will the burned out building be torn down pronto asap. More on that story coming up soon- with video.

This low building connected to the tower was the original Dayton Motorcar Company, and had some really incredible timber construction based on the remains this morning. It also, was the historic part. I’m sure that before the tax credits were awarded, the insurance value was pennies, but, the moment the tax credits came through, the insurance value went up.

Something smells worse than the thick black smoke that could be seen for miles.

One YouTube commentor- Ronn Jane, said they worked there for 14 years in the last incarnation “The business was Called Dayton Warehouse Inc. Which closed in 1993. The Tall concrete building was full, all 5 floors full of cigarettes by the case. The old building in front on fire was office and storage of liquid 50 gallon barrels of dye and on third floor was powder dyes, Maytag washers and dryers, and BMW motor cycle’s. That place survived the great flood but is no match for fire..”

Revisions in italics and strikethroughs- Publishing since 2005, esrati.com is a solo operation, done in addition to running a business, and caring for my mother. I do the best I can. This post had some factual errors in it- I’m sorry. I’ve done the best I can to fix this mess, and move forward. The video is still spectacular- and the reality is, the City of Dayton shouldn’t be in the real estate business.
note- the building had burned before https://www.mydaytondailynews.com/business/vacant-dayton-industrial-site-set-for-reuse-master-plan/HcGl8vq4H6p0Ukrp5SVK3K/

The city also owns 101 Bainbridge after purchasing it for less than $100,000 in November 2013. But the city has prepared legislation authorizing the building’s transfer to Gosiger at some point, said Amy Walbridge of the city’s Office of Economic Development. The transfer would be a similar transaction as 15 McDonough St.

If you enjoyed this post, make sure you subscribe to my RSS feed! If you wish to support this blog and independent journalism in Dayton, consider donating. All of the effort that goes into writing posts and creating videos comes directly out of my pocket, so any amount helps!