UPS

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 local firm, not involved in aviation, and getting tax breaks to Read More

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 cleared close to $3 million- right to their pockets. They also Read More

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 include: • The former Dayton Electro Plate Inc., 1030 Valley Street; • Rita Construction, Read More

Why isn’t the IRG/UPS deal done? Is the backroom deal about to implode?

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 of money, maintain the building Read More

Sign IRG placed on UPS sorting facility doors

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 fence and security normally required for FAA Read More

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