Security measures are being put in place as a Kentucky-based company says it’s in the process of foreclosing Hara Arena Monday.
A representative from Garrett Day LLC tells 2 NEWS the company purchased the tax liens from Montgomery County and closed with PNC Bank on the property Friday.
Trotwood community improvement corporation, Fred Burkhardt, and tax redevelopment group member, Michael Heitz, say safety and cleaning up the property is what they’ll focus on now.
Hara Arena closed in August 2016.
On the outside it’s inching closer to an eye sore and It’s that and much more on the inside.
Seats have collapsed in the arena, the wood floors in the ballroom have buckled. There’s even a smashed pickup truck where Hamvention was just 2 years ago.
Michael Heitz, a member of the Tax Redevelopment Group says the first step is securing the building.
“The second thing is cleaning the building out and clean trash up around this. This is really sad. In 60 days you won’t recognize the property,” said Heitz.
After security and cleanup, the next step is finding a long-term buyer or tenant for the 600,000 + square foot property.
“There are a lot of people interested in the property. We are working very closely with Jobs Ohio. This is one of the biggest tracks in Ohio that will be shovel ready,” said Heitz.
According to the city of Trotwood, taxes from Hara Arena haven’t been paid for about 10 years.
“This entire property is not just located in one jurisdiction. There’s two jurisdictions. Harrison Twp and Trotwood. We will work collectively towards a common and beneficial outcome,” said Fred Burkhardt, the Executive Director of the Trotwood Community Improvement Corporation.
Engineers still have more to look at and foreclosure still has to pass.
In the meantime, expect the parking lot to be blocked and a heavier police presence.