Steve Petitjean, a senior vice president at Fifth Third Bank who is co-chairing the Arcade Task Force, stated that Miller-Valentine Group is providing $250,000 of the $700,000 needed for the "Dry and Stable" initiative, while the City of Dayton is putting up the remainder.
Petitjean also mentioned that out-of-state developer, now known as Cross Street Partners from Baltimore, Maryland is interested in the property.
Initial estimates state that the mixed use renovation of the Arcade may cost up to $60 million to complete.
An article by Lewis Wallace at WYSO stated that "The [Miller-Valentine Group] hasn’t necessarily agreed to pursue that larger project, but these first steps are a glimmer of hope after a long time in limbo. "

According to Petitjean, Cross Street Partners and Miller-Valentine have collaborated on past projects and "bat 1,000" on redevelopment projects of local properties.
It was also stated that the financing for the project will take some time - as much as three to five years before a project could be complete.
Steve Petitjean, a senior vice president at Fifth Third Bank who is co-chairing the Arcade Task Force, stated that Miller-Valentine Group is providing $250,000 of the $700,000 needed for the "Dry and Stable" initiative, while the City of Dayton is putting up the remainder. Petitjean also mentioned that out-of-state developer, now known as Cross Street Partners from Baltimore, Maryland is interested in the property. Initial estimates state that the mixed use renovation of the Arcade may cost up to $60 million to complete. An article by Lewis Wallace at WYSO stated that "The [Miller-Valentine Group] hasn’t necessarily agreed to pursue that larger project, but these first steps are a glimmer of hope after a long time in limbo. "
According to Petitjean, Cross Street Partners and Miller-Valentine have collaborated on past projects and "bat 1,000" on redevelopment projects of local properties. It was also stated that the financing for the project will take some time - as much as three to five years before a project could be complete.
Dayton Arcade