The south end of the fairgrounds — where horse racing was held before the move to the Miami Valley Gaming racino — is about a half-mile north.
Here the city also pland to use some of the state funds to ready the former city garage for redevelopment.
“This grant program is a collaborative effort between the state, Warren County and the city, and will support high impact projects that will help ensure the continued economic vitality of our downtown area,” City Manager Pat Clements said in a press release last week.
LCNB plans to pay about $1.4 million for the former gas station site and adjoining rental and hotel properties where it plans to build a three-floor, 45,000 square foot office building. The state funds would be used for demolition and preparation of the site.
New jobs with LCNB would be created as employees are hired or promoted from the existing banks, including 13 offices acquired over the past three years through purchase of Citizens Bank of Chillicothe in 2013, Eaton National Bank in 2014 and Brookville National Bank this year, Wilson said.
LCNB will continue to operate its bank at Broadway and Mulberry, Wilson said.