Kettering City Council approved buying the undeveloped land in the park, which straddles Kettering and Beavercreek.
On Tuesday, May 23, City Council authorized the purchase of the unimproved land in the Kettering portion of Miami Valley Research Park for $1.5 million.
Miami Valley Research Park is made up of 1,250 acres of land and home to companies like to Reynolds & Reynolds, WilmerHale, BWI, Community Tissue Services, Kodak, Lunarline and Vivial Company.
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“The Miami Valley Research Foundation Board is pleased with this news, both for what it means for our community and for the future of the Miami Valley Research Park,” said Steve Johnson, chairman of the park’s foundation and separately president of Sinclair. “This investment provides an excellent opportunity for economic development for the future of our community and also provides the Research Park with the stability needed to move forward. This is a great day for all parties involved.”
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