False shooting report prompts police investigation at Centerville home

UD’s plans for a ‘shark tank’ in Dayton Arcade would turn it into innovation hub

If the rehab of the Dayton Arcade moves forward, the University of Dayton expects to be one of the anchor tenants, jointly overseeing more than 100,000 square feet of space in the southern portion of the complex.

UD plans to relocate its L. William Crotty Center for Entrepreneurial Leadership, as well as some staff and faculty offices, into a new “innovation hub” inside the arcade, said Paul Benson, UD’s provost. 

The arcade would host traditional classwork, and co-sharing spaces would allow students to work together with start-up enterprises, Benson said.

About 17,000 square feet of the arcade is set aside for event space, including a “shark tank” area for business plan competitions, university officials said.

“We see this space as really providing a new venue for interaction among and with entrepreneurs,” he said.

RELATED: University of Dayton could arcade anchor tenant, prez says

By the end of the year, the groups that want to rehab the massive arcade complex should know if they’ve secured the financing needed for the project to get off the ground, city officials and developers say.

Plans for the arcade include 80,000 square feet of innovation space, 60,000 square feet of retail and restaurants, 40,000 square feet dedicated to the arts, 22,000 square feet set aside for public events and 126 apartments.

UD plans to team up with The Entrepreneurs Center to be joint anchor tenants overseeing the new innovation hub.

The hub would encourage interactions and collaboration between students, teachers, entrepreneurs, start-up companies, venture capital groups, corporate partners and others. Officials hope Sinclair College, Wright State University and Central State University bring some of their programs into the innovation hub.

Below the arcade’s iconic rotunda, some of public event space would be used as a “shark tank” for business plan competitions.

University officials said these spaces are important tools for entrepreneurs to develop and hone their business proposals.

UD already supports new ventures through its Flyer Pitch competition, which is among the the largest business plan contests at the collegiate level with more than $100,000 in cash prizes and $100,000 of in-kind support awarded, school officials said.

These types of competitions would be held in the shark tank.

UD wants to become the university of the “common good,” and school’s highest priorities include focusing on social good and creating and expanding economic opportunity in the city and across the region, Benson said.

“The arcade really is embedded, very centrally, in the vision that we set forth in the coming decades for UD’s work,” Benson said.

RELATED: UD leader says arcade is ‘show of good faith’ in partners, community

The university has one of the top-rated entrepreneurship programs in the nation, as well as the fourth-largest student-run business in the nation (Flyer Enterprises), Benson said.

UD was ranked as the No. 11 best school in the country for undergraduate entrepreneurship studies by The Princeton Review and Entrepreneur magazine, according to the university.

Reader Comments ...

Next Up in Local

Some of country music’s hottest names coming to Hamilton
Some of country music’s hottest names coming to Hamilton

In its third year, Whimmydiddle Country Music Festival presented by I.B.E.W Local 648 will feature some of the hottest names in music. Artists like Tyler Childers and Billy Strings will be a part of the 2018 festival lineup. The free, two-night festival will return to Hamilton for its third year on Friday, June 22, and Saturday, June 23. Concerts will...
Township official steps downs after 10 “bumpy” years
Township official steps downs after 10 “bumpy” years

Linda Oda, fiscal officer in Clearcreek Twp. and county recorder in Warren County, is leaving her township post. Late Friday afternoon, the Clearcreek Township Board of Trustees announced a special meeting at 9 a.m. today at the township government center. “The purpose of this meeting is to formally accept the resignation of former Fiscal Officer...
Downtown Miamisburg: Unique dining, entertainment options
Downtown Miamisburg: Unique dining, entertainment options

Miamisburg has a variety of restaurants and entertainment options in the downtown area. The city’s bicentennial celebration this week is expected to attract thousands of visitors. If you’re among those in town for Miamisburg’s 200th birthday celebration, here’s a sampling of a dozen places you may want to check out: •The...
False shooting report prompts police investigation at Centerville home
False shooting report prompts police investigation at Centerville home

A report of a shooting after a home invasion robbery at a Centerville home was a false call, according to investigators.  Officers and medics were dispatched to the home in the 8200 block of Rhine Way around 8 a.m. after a man called dispatchers and claimed he shot an intruder.  Centerville police surrounded the house but found no initial...
CareFlight responding to single-vehicle crash in Clark County
CareFlight responding to single-vehicle crash in Clark County

CareFlight is responding to a single-vehicle crash in Clark County. The crash was reported just before 7 a.m. on Ohio 334 near U.S. 68.  It’s unknown how many people are injured. This story will be updated as additional information becomes available.
More Stories