County OKs fairgrounds purchase in southwestern Ohio

DAYTON, Ohio (AP) — A southwestern Ohio county has agreed to give a university and a health care network $2 million if they buy the county’s fairgrounds and redevelop an historic roundhouse.

The Dayton Daily News ( ) reports the University of Dayton and Premier Health earlier signed a letter of intent last month to purchase the Montgomery County Fairgrounds for $15 million. County commissioners on Tuesday approved a purchase agreement for the 38-acre property.

UD and Premier agreed to pay $3 million when they close on the property and the remainder when they take ownership. But the two institutions will only have to pay $1 million of the initial $3 million if they commit to renovating or rehabbing the roundhouse building on the property.

The institutions have through February to terminate the agreement.


Information from: Dayton Daily News,