For a time in the late 20th century, lifeless streets, random shootings and boarded-up shopfronts were a hallmark of life in Dayton, Ohio.
In the early 1900s, it was a thriving innovation centre. But like many other Rust Belt towns, Dayton later had its city centre decimated when people moved to the suburbs and traditional heavy industry fell into decline.
As recently as 2018, the city of 140,000 people received the kind of national attention no one wishes for, when it became the subject of a PBS Frontline documentary called Left Behind America.
But today, meaningful change is unfolding in the heart of the city.
With a growing demand for space and rising living costs in major coastal US cities, more and more Americans are considering former Rust Belt cities as places to live.
And, in many cases, the energy and activity of those cities’ cores are playing an important role in underlining that revival.
At 45,000 square metres, the 119-year-old Dayton Arcade had been left to waste for more than three decades. If cash-strapped city authorities had the money, it would have been torn down years ago, reports show.
But in August, after a $90 million investment, the Renaissance-style building opened to the public, with an entrepreneur centre, bistro, offices and co-working spaces, and dozens of apartments surrounding the complex's stunning rotunda.
Celebrated urban planners labelled the redevelopment the “most transformative project in America”.
Its revival has attracted a local university, which has more than 350 students, as well as a wide assortment of businesses, back to the area.
“We’re not just trying to support a community initiative to repurpose the space,” says Vincent Lewis, who leads the University of Dayton’s LW Crotty Centre for Entrepreneurial Leadership, “but also to generate opportunities for our students to plug into the entrepreneurial ecosystem”.
Dayton’s city centre has also embraced other significant changes. Partly because of pandemic-related social distancing restrictions, city streets shut at the weekend to accommodate outdoor dining, creating a vibe reminiscent of southern Europe rather than the Rust Belt.
A summertime, open-air concert series draws hundreds of people, while a surfing school has popped up on a nearby river.
“I live four blocks from here and when I go for a run in the morning, you see people out walking their dogs, going for a run,” Mr Lewis says. “It’s a much different environment today than it was 15 or 20 years ago.”
Dayton isn’t alone. Many other small Midwestern cities are investing millions in their urban environments.
In Fort Wayne, Indiana, a city of about 265,000 people, more than $1 billion has been invested over the past decade to revive a once-neglected city centre. Farther north in Michigan, the city of Grand Rapids is spending hundreds of millions in reimagining its waterfront space by adding recreation and living facilities.
These efforts, combined with changing lifestyle choices brought about by the pandemic, are drawing people to formerly stagnant cities.
Dayton native Danny Tuss returned to Ohio with his wife and son during the pandemic after more than 15 years spent living in New York City, where he worked at the Brooklyn Museum.
“We got sick in that first wave in March [2020] and spent seven months in our one-bedroom apartment with our one-and-a-half-year-old, working,” he says. “That was not fun.”
Since moving to Dayton in 2020 to be closer to Mr Tuss's ill mother, the family has bought a large, single-family home on a sprawling lot.
“We have a garden, which is a huge deal for us,” he says. For him, it’s the access to green space, among other things, that prompted him to move back to the Midwest.
“Having lived in other places and travelled, I certainly grew to appreciate all the things Dayton has to offer,” he says. Since moving back, he’s on a mission to recruit friends in New York to move out to Ohio.
Mr Tuss isn't alone: since the start of the pandemic, nearly half the US population has moved or considered moving home, MarketWatch reported. Enabled by the increase in remote work, families are leaving large cities for cheaper properties in the US heartland in droves.
But not everyone is being helped by the resurgence. Residents in several black-majority areas, the poorest and most segregated parts of west Dayton, continue to struggle with depressed economic opportunities and crime.
For Jake Wells, who runs JW’s Wine Cellar in the predominantly black district of Trotwood, 12 kilometres north-west of the city centre, business has, for the most part, been good.
But Mr Wells says decades of neglect have left a mark that is difficult to erase.
“We just lost a grocery store across the road. We have no restaurants around here. If you want to go out to eat, you have to go to the next town over,” he says.
When a motorway on the opposite side of Dayton opened 30 years ago and fuelled the building of new malls and outlet stores, businesses — and customers — were drawn away from Trotwood. In recent years, child poverty rates in the district have risen to among the highest in Ohio at more than 50 per cent.
“We’re black; we’re not getting the attention that we should. That’s just the bottom line,” Mr Wells says.
And while the Midwestern revival is lauded by many, smaller Midwestern cities — Dayton included — have been growing and adding jobs at far slower rates than bigger neighbours such as Columbus and Pittsburgh.
Still, the sense of change and possibility is alive and well. In December, it was announced that the wider development of the Dayton Arcade would receive a further $124m investment.
Mr Lewis, who as a child decades ago used to run around the Arcade space, says bringing students to the area, where they can interact with people from all walks of life, is essential in building a new social fabric for the city.
“And what we’re hearing now,” he says, “is that our students are wanting to stay in Dayton.”
With decades of decline in the rear-view mirror, that young blood is poised to shape the city’s future.
Muslim Council of Elders condemns terrorism on religious sites
The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.
It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.
“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.
The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.
Trump v Khan
2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US
2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks
2019: Trump calls Khan a “stone cold loser” before first state visit
2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”
2022: Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency
July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”
Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.
Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”
THE SPECS
Engine: 1.6-litre turbo
Transmission: six-speed automatic
Power: 165hp
Torque: 240Nm
Price: From Dh89,000 (Enjoy), Dh99,900 (Innovation)
On sale: Now
The five pillars of Islam
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Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
INFO
Fixtures (6pm UAE unless stated)
Saturday Bournemouth v Leicester City, Chelsea v Manchester City (8.30pm), Huddersfield v Tottenham Hotspur (3.30pm), Manchester United v Crystal Palace, Stoke City v Southampton, West Bromwich Albion v Watford, West Ham United v Swansea City
Sunday Arsenal v Brighton (3pm), Everton v Burnley (5.15pm), Newcastle United v Liverpool (6.30pm)
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Celta Vigo 2
Castro (45'), Aspas (82')
Barcelona 2
Dembele (36'), Alcacer (64')
Red card: Sergi Roberto (Barcelona)
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Russia's Muslim Heartlands
Dominic Rubin, Oxford
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Summer special
First Person
Richard Flanagan
Chatto & Windus
COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
WWE Super ShowDown results
Seth Rollins beat Baron Corbin to retain his WWE Universal title
Finn Balor defeated Andrade to stay WWE Intercontinental Championship
Shane McMahon defeated Roman Reigns
Lars Sullivan won by disqualification against Lucha House Party
Randy Orton beats Triple H
Braun Strowman beats Bobby Lashley
Kofi Kingston wins against Dolph Zigggler to retain the WWE World Heavyweight Championship
Mansoor Al Shehail won the 50-man Battle Royal
The Undertaker beat Goldberg
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
UK’s AI plan
- AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
- £10bn AI growth zone in South Wales to create 5,000 jobs
- £100m of government support for startups building AI hardware products
- £250m to train new AI models
Sholto Byrnes on Myanmar politics
Company%20Profile
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ABU%20DHABI%20CARD
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It
Director: Andres Muschietti
Starring: Bill Skarsgard, Jaeden Lieberher, Sophia Lillis, Chosen Jacobs, Jeremy Ray Taylor
Three stars
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
if you go
The flights
Air Astana flies direct from Dubai to Almaty from Dh2,440 per person return, and to Astana (via Almaty) from Dh2,930 return, both including taxes.
The hotels
Rooms at the Ritz-Carlton Almaty cost from Dh1,944 per night including taxes; and in Astana the new Ritz-Carlton Astana (www.marriott) costs from Dh1,325; alternatively, the new St Regis Astana costs from Dh1,458 per night including taxes.
When to visit
March-May and September-November
Visas
Citizens of many countries, including the UAE do not need a visa to enter Kazakhstan for up to 30 days. Contact the nearest Kazakhstan embassy or consulate.
Turkish Ladies
Various artists, Sony Music Turkey
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
Know before you go
- Jebel Akhdar is a two-hour drive from Muscat airport or a six-hour drive from Dubai. It’s impossible to visit by car unless you have a 4x4. Phone ahead to the hotel to arrange a transfer.
- If you’re driving, make sure your insurance covers Oman.
- By air: Budget airlines Air Arabia, Flydubai and SalamAir offer direct routes to Muscat from the UAE.
- Tourists from the Emirates (UAE nationals not included) must apply for an Omani visa online before arrival at evisa.rop.gov.om. The process typically takes several days.
- Flash floods are probable due to the terrain and a lack of drainage. Always check the weather before venturing into any canyons or other remote areas and identify a plan of escape that includes high ground, shelter and parking where your car won’t be overtaken by sudden downpours.
BULKWHIZ PROFILE
Date started: February 2017
Founders: Amira Rashad (CEO), Yusuf Saber (CTO), Mahmoud Sayedahmed (adviser), Reda Bouraoui (adviser)
Based: Dubai, UAE
Sector: E-commerce
Size: 50 employees
Funding: approximately $6m
Investors: Beco Capital, Enabling Future and Wain in the UAE; China's MSA Capital; 500 Startups; Faith Capital and Savour Ventures in Kuwait