Menards plans to open a new location in Miami Township, Ohio, on Springboro Pike, according to a report in the Dayton Business Journal. The store will take the place of an existing plaza, the Lyons Crossing shopping center, which will be demolished to make room for the approximately $9 million project.
Discussions on July 26 to consider an agreement with Menards followed a Miami Township Trustee meeting on July 12, at which the trustees determined to remove the existing plaza from the Dayton Mall’s tax increment financing district.
Greg Hanahan, the township administrator, told the Journal that after the developer has had the property revalued, a new TIF district will be created for the center. Menards has not yet released specific plans for the building, and the developer of the site has not been named.