Business News: The Dayton Arcade is ” ready for business ” after 30 years of inactivity.
The Dayton Arcade reopened after closing its doors some 30 years ago, and some of the people who helped bring it back to life say its transformation has to be seen to be believed.
But an in-person inauguration of the new Hub Powered by PNC Bank was out of the question due to the coronavirus pandemic.
And so, the hub’s official grand opening took place online on YouTube Thursday night, which gave people back home a glimpse of the newly renovated space.
Officials say about seven previous redevelopment proposals for the arcade have failed to gain traction and move forward, and over the years some community members have lost hope that the arcade would ever reopen.
But the core components of the $ 98 million, the first phase of the arcade rehabilitation, are nearly complete and are preparing to open, including the innovation hub, new apartments and other service spaces.
“If you had told me when I was 25 that, when I was nearly 50, I would be involved in the redevelopment of the Dayton Arcade and this type of project, I would have said that you are crazy – it will never happen,” said Vince Lewis, president of the ‘Hub Powered by PNC Bank at the Dayton Arcade. “The fact that I have the privilege of being part of this project is just fantastic … but there are many people who have made it possible.”
The public is invited to watch the virtual opening of The Hub Powered by PNC Bank at the Dayton Arcade.
The event, which will be broadcast online at 5:30 pm, including on YouTube, will showcase the newly renovated spaces within the arcade and will include interviews and videos with University of Dayton faculty, local business owners, developers and other officials. who contributed to the project.
The hub will have a “monumental impact” on the student experience, said David Marshall, assistant professor in UD’s management and marketing department.
“Sharing space with real entrepreneurs, investors, local business owners will stimulate the classroom experience and infuse the classroom with experiential learning,” he said.
Business ideas and plans developed in the classroom will have access to resources to make sure the start-up can continue when students leave school, he said.