Thursday, June 22, 2006

E-Bays Landmark Sale


Tony Straub, the present owner of the historical landmark The Dayton Arcade, of the city of Dayton Ohio, has gone all out to find a buyer for the five building complex which is situated between Third, Fourth, Main, and Ludon Streets in downtown Dayton. He has offerred it for sale on E-Bay, at an asking price of four million dollars. He has suggested that the site would be perfect for a casino. And it probably would, with slight renovation, if it weren’t for the fact that, as of now, casino gambling is yet illegal in the state of Ohio.

Straub explained that he was considering the future possibilities. Actually, whoever buys this complex should be made aware of more than just the present illegality of Mr. Straubs proposal. The fact is, there is a reason he is anxious to divest himself of his holdings in this, what should be considered a prime piece of real estate.

And that is, there is little he can do with it. He can’t do any kind of renovation that would compromise the historical integrity of the landmark which goes vack to the beginning of the last century . He certainly can’t tear it down and put up, say, a parking lot, or a mall. Yet, as attractive as the place is, he can’t find investors willing to locate businesses into the area, due to the exorbitant crime rate for a city of this size.

Dayton is one of those cities that are cyclical i nature, and seems to move in extremes. For a time, it will be a boom town, with many business and job opportunities. Then, it will fall into a kind of depression, with people not being able to get out of the place fast enough. Now, it has moved back into this latter cycle. And, as a result, Dayton is loosing population-again.

The politicians who run the area have the final say as to what happens to what for now might as well be the Taj Mahal of Dayton Ohio-a very attractive tomb. A historic landmark, but of little value otherwise, presently. And they admirably insist on preserving it, but seemingly to no avail, as these are also the people that conceivably could, yet will not, address the ever growing and obtrusive crime rate with which the city is afflicted. Whether this is in large part due to political correctness and to fears of being labelled as racists, or whatever the reason, the result stands in dowtown Dayton Ohio.

An empty building, an historic landmark, which stands empty, and unused, and for the most part, unvisited.