Hara Arena owners request rezoning to help with redevelopment efforts - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 17, 2019 Newswires
Share
Share
Post
Email

Hara Arena owners request rezoning to help with redevelopment efforts

Dayton Daily News (OH)

Oct. 17--***

The Trotwood planning commission on Tuesday will hear a request to rezone the Hara Arena property from recreational to commercial use, which the facility's owner says will pave the way to clean-up and redevelopment.

The storied event center was ripped to shreds by an EF4 tornado that tore across Montgomery County on Memorial Day this year. It had been closed since 2016.

Mike Heitz, a member of the Tax Redevelopment LLC group that owns the property, said the building "looks worse than what it is" and is salvageable if a buyer wants to use it.

"The frame of the building on 80 percent of it is good," he said.

He said possible uses for the location include light industry, such as warehouse space.

"It's a great opportunity to get some new space," said Trotwood Mayor Mary McDonald.

Tax Redevelopment LLC estimates Hara Arena suffered $7.5 million in damage in the storm, according to records submitted to the Montgomery County Auditor's Office seeking a reduction in taxable property value this year.

This is the largest damage amount listed for any property in Montgomery County.

Heitz said the building wasn't insured: "You can't get insurance on an empty building."

Tax Redevelopment LLC is among the owners of 1,269 Montgomery County properties to request a reduction in their taxable property values this year, according to the data.

Those property owners estimate the storms did a total of $130 million in damage.

Inspectors from the auditor's office are now physically visiting those properties and will mail property owners new values around the end of the year. Those values will impact their 2019 taxes, payable in 2020.

The auditor's office will also inspect tornado-damaged properties whose owners didn't apply for reductions by the Oct. 1 deadline, but won't be able to adjust their values until the 2020 tax year, payable in 2021.

It's unclear at this point what impact the tornadoes will have on the tax rolls, according to auditor's office spokesman Mike Brill. Tax revenue for some jurisdictions will also change based on levies on the November ballot.

Hara Arena's land and property together were valued at $1.2 million, though Heitz said the auditor's office agreed to cut the value in half because of storm damage.

Heitz said they are committed to redeveloping the property.

"Once the zoning is approved, we'll start marketing the building and getting it cleaned up and everything," he said.

___

(c)2019 the Dayton Daily News (Dayton, Ohio)

Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com

Distributed by Tribune Content Agency, LLC.

Older

BenefitMall and Ease Announce Agency Workspace and Ease Integration

Newer

AM Best Affirms Credit Ratings of Arch Capital Group Ltd. and Its Subsidiaries

Advisor News

  • Succession planning: Building the future of your practice
  • From loss to security: Supporting widowed clients with life insurance
  • Plan now for lower Social Security benefits later
  • The conversation almost no advisor is having yet
  • Why advisors should offer retirement-longevity planning
More Advisor News

Annuity News

  • Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
  • Industry pushes back on linking ‘financial strength’ to annuity illustrations
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
More Annuity News

Health/Employee Benefits News

  • What Luigi Mangione’s celebrity says about Gen Z (Opinion)
  • New Medicaid rules could hit 600,000 Oregonians. Many may not know it
  • Luigi Mangione’s double jeopardy gambit could see him freed from prison before he turns 60
  • QANDA: FRAUD DRIVES UP HEALTHCARE COSTS
  • New Mexico to continue funding gender-affirming care for minors as Medicaid ends coverage
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Record IUL sales don’t diminish the need for continued customer engagement
  • Benchmark International Successfully Facilitated the Transaction Between National Group Marketing Trust and New Era Life Insurance Companies
  • Why the bond market is flexing its muscles, and why everyone needs to care
  • An Application for the Trademark “LIVE TODAY, SECURE TOMORROW.” Has Been Filed by Security Mutual Life Insurance Company of New York: Security Mutual Life Insurance Company of New York
  • Modern Woodmen board selects Shea Doyle as next president and CEO
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet