The partnership formed by Premier Health and the University of Dayton to redevelop the former Montgomery Fairgrounds has named a local business leader as its chief executive.
Buddy LaChance will lead the transformation of the 38-acre fairgrounds jointly purchased in 2017. He starts his new job May 6, according to a statement from Premier and UD.
“We were seeking an experienced professional who could manage a complex, innovative project like this and leverage local relationships to make onMain something truly special that will add to Dayton’s momentum,” Mary Boosalis, president and CEO of Premier said in a prepared statement. “It quickly became evident that Buddy offered that unique skill set.”
LaChance is the current Premier Health vice president of real estate and previously served as the director of neighborhood development for CityWide Development Corp., according to the statement. LaChacne joined Premier in 2007 and has a bachelor’s degree in architecture from the University of Cincinnati.
Work on the first building on the former fairgrounds property could begin within the next three to four years, said Jamie Greene, principal of planning NEXT, the firm tasked with developing a vision for the site has said. The fairgrounds is expected to take around 10 to 15 years to be completely redeveloped, Greene said. The current project is slated to have three phases of construction.
UD and Premier each paid $5.25 million of the $15 million purchase price of the fairgrounds.
“With his development experience, (LaChance) also knows what it will take to achieve that success and is excited to take on the challenge of making this ambitious vision a reality,” UD president Eric Spina said in a prepared statement.
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