Local

Why is the Dayton-Montgomery County Port Authority issuing bonds for casino construction and housing construction downtown? What is the Dayton-Montgomery Country Port Authority?

"The port authority is providing only “conduit” financing for the racino project, which will not expose the organization financially, Brunswick said. The city of Dayton will not be exposed, either, he said.
The port will hold legal title to the property, but Penn will control the property, Brunswick said. Penn will lease the property, but the port will not be the leasing agent, he said."

That's clear as mud.

"Also Monday, port authority directors voted to issue up to $22 million in first mortgage revenue bonds for a student housing project planned for the former Dayton Daily News building at Fourth and Ludlow streets downtown."

Twenty-two million sounds outrageously high. A year ago the Dayton Soin building sold at auction for $121,000.

Franklin becomes purple heart city because so many citizens have been wounded in wars.