Bill Rain attended The Citadel on a four year football scholarship and graduated with a degree in Business Administration. After graduation, Rain served in the US Army as a Finance Corp. Officer. After the Army, Rain moved back to his home town of Dayton, OH and wanted to create the urban ambiance found in Charleston, SC. Many of Downtown Dayton’s current successes are a direct result of groundwork and vision by Rain. As an early pioneer in the McPherson Town Historic District, Rain saw the potential of this downtown Dayton neighborhood. At the time, 40 of the 90 structures were boarded up. Rain renovated 3 homes in the neighborhood and as neighborhood President, helped lead McPherson Town to host the first Rehabarama in 1993. The McPherson Town Rehabarama won a National Trust for Historic Preservation award and is now a jewel for the City of Dayton with some of the highest property values.
In 1994, Rain and business partner, David Williams created the first
multi-unit loft project in Dayton with the Lofts on St. Clair. In 1995, Rain and Williams partnered again and purchased 424 E. Third St., which became the first buildings for the 250,000 sqft mixed-use Cannery project. In 1998, Rain sold his interest in the Cannery to pursue other projects. One major project Rain was involved in was the St. Vincent De Paul acquisition and creative re-use and conversion of a 350,000 sqft warehouse into office space which now successfully houses the Montgomery County Jobs Center.
In 1999, Rain partnered with Jeanne Cliche to create Rain & Cliche specializing in urban development. Some of the projects completed were the Ice Ave. Lofts, project management for the RTA Wright Plaza and numerous brokerage deals. In 2002, Rain created Rain & Associates concentrating on real estate site selection, fee based development and commercial brokerage. In March of 2006, Rain joined DeBartolo Development to work on CRA and Re-development projects to utilize his creative re-use expertise. DeBartolo made a corporate decision to change the direction of the program and Rain decided to leave and started Metro Bay Development specializing in developing value based real estate assets.
Rain participated in Ohio Governor Bob Taft’s Urban Task Force, was a member of the Dayton Brownfield Authority, The City of Dayton 20/20 strategic planning task force, The City of Dayton Zoning Code re-write committee , the Dayton Business Journal 40 under 40 in 2000 and the Baseball Task Force site selection committee for the Dayton Dragons. Rain has had the unique ability to see value in urban structures and the technical strength to make them successful projects. His creativity has allowed for the reuse of over 2,00,000 sqft. of outdated buildings.
Mr. Rain resides in Tampa with his wife of 20 years, Maureen, and their two children, Griffin (14) and Claire (9).