The Dayton Arcade was built in 1902 and is listed on the National Register of Historic Places.
This 1904 program for a city festival shows how central the Arcade was to the downtown area during its rapid growth in the early 20th century.
"Grand Eccentrics: Turning the Century: Dayton and the Inventing of America" - Click the link below for more info about this book
Backstory and Context
Like other downtown shopping centers in the country, the arcade (and the downtown) began to decline as people moved to the suburbs. By the mid-1980s, the main arcade building went into bankruptcy and the last tenant left in 1990 (the arcade was renovated in the early 1980s but this failed to attract revive it). After that, the arcade remained vacant and was neglected, which resulted in a lot of damage. Fortunately, it seems that the current owners (the partnership) are indeed going to follow through with their renovations plans.
"History." The Dayton Arcade. Accessed July 19, 2018. https://www.arcadedayton.com/history.