The Dayton Daily News reports that, despite hard times all around, things are starting to look up for the Dayton Port Authority. Roy Parker, the director of the Authority, has stated that there have been four proposals ranging from 3 to 50 million dollars. This is in start contrast to a time not that long ago when, according to the article, his phone was essentially dead.
For those not in the know, the DDN article states: "The port authority can make loans to companies or local governments, receive grants and purchase assets such as buildings or land for economic development purposes." Frankly, before reaading that I hadn't really known myself, so I won't pretend that I'm some kind of expert.
So -- and here's the constant question -- what's it mean for Dayton? Well, you can see my earlier articles for my thoughts on this stuff in a more general sense. But from a more...casual standpoint, it's nice to see the old girl getting some business going on. Oh, it's nothing like GM coming back or anything -- it's not going to be a shock to get the heart pumping again -- but it's always nice to hear that things are looking up SOMEWHERE. And further, what's good for them is good for everyone else, I suppose.
With the PA doing better, that means that (presumably) it's more likely that other businesses can get in on the loan action. I'm in absolutely no way suggesting this is the end-all-be-all-super-amazing-revive-Dayton spiel, but...well, beggers can hardly be choosers, alright?
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And here I was always thinking that the port authority was some administrative agency that handled matters involving trade through a city's harbors. Have to admit, as soon as I heard "Dayton" and "Port Authority" together, I was a bit confused thinking "ummm....what port?"
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