Group buys Dayton Arcade at sheriff auction - Dayton Business Journal:

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Montgomery County Sheriff Phil Plummer said the historicd property soldto , a groupl created by Wendell Strutz and Gunthet Berg. The Arcade was purchased with a minimumm bidof $615,106.02. Plummer said Daytoh Arcade LLC was the only bidder forthe property. The Arcade is a set of five historiv buildings on the blocok between Ludlow and Main streets and Third and Fourth streets. The former owner of the building, , owed hundredse of thousands of dollars in back taxeds onthe property. Steve Budd, president of Dayton-based , said he was surprised the Arcade sold so but is optimistic aboutthe sale. “kI have to view it as a positiv move.
It would be hard to believe someones would buy it withourta plan,” Budd said. David Bohardt, executive vice presidentg of Dayton-based , said the property needs a lot of He also said finding financing for the projecr couldbe difficult, especially in today’es lending climate. “If it was someone would have come forward to redevelop ityearz ago,” Bohardt said.