D
ouble Bowler, the real estate arm of Wright State University, is facing a foreclosure lawsuit in Greene County Common Pleas Court over four office buildings along Colonel Glenn Highway. The properties, valued at over $10 million, were purchased with tax-exempt financing from Sunflower Public Finance in 2019. However, Sunflower alleges that Double Bowler failed to make payments, leading to the appointment of a receiver in September 2023.

    The receiver's report last fall revealed significant vacancy issues at two of the buildings due to Wright State University's relocation of some uses back to its main campus. The receiver also cited Double Bowler's lack of effort to secure new tenants and needed repairs for plumbing and environmental problems.

    Sunflower is seeking summary judgment and a decree of foreclosure, citing $10.56 million in outstanding principal and interest. The four properties include 3040 Presidential Drive, 2455 Executive Park Blvd, 2555 University Boulevard, and 3100 Presidential Drive, which have been used by various entities including Wright State Physicians Psychiatry/Psychotherapy Clinic.

    A bench trial has been rescheduled for June 25, with Magistrate Margaret Young presiding. This is not Double Bowler's first run-in with the law; in 2019, the Ohio Inspector General found that the company had improperly paid former U.S. congressman Steve Austria for lobbying and that Wright State University had violated state law by failing to obtain necessary approvals for property purchases.