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Fifth Third makes $5M bid on land for failed country club development.

Dayton Daily News (Dayton, OH)

| September 22, 2006 | COPYRIGHT 2007 Dayton Daily News. (Hide copyright information)Copyright

Byline: Amy Picard

Sep. 22--Fifth Third Bank, the primary financer of the long-stalled Benchrock golf course project, was the sole bidder Wednesday on the multimillion dollar property.

The $5 million bid was the minimum two-thirds of the appraised value of the development, Miami County sheriff's Deputy Gary Back said.

Fifth Third foreclosed on the property in May 2005 after the master developer, Kendall Group Ltd., couldn't find financing for the project and no other buyer could be found.

The development, which received at least $7.5 million in Huber Heights city funds including a $7 million road, was the subject of controversy and one of …

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