Lorain Council backs land bank idea (The Morning Journal)

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Lorain Council backs land bank idea (The Morning Journal)

LORAIN — City Council’s Federal Programs Committee recommends a resolution supporting a land reutilization corporation, or land bank, for Lorain County.

The committee tonight heard from former Cuyahoga County Treasurer Jim Rokakis, who discussed the legal procedures and potential benefits of a land bank.

The land bank is a quasi-governmental body allowed by Ohio law to help communities reclaim, rehabilitate and reuse vacant, abandoned, and tax-foreclosed property, Rokakis said.

Cuyahoga, Lucas, Montgomery, Trumbull and Mahoning counties already have created land banks; they are under way in Erie, Hamilton, Summit and Stark counties, with interest building in Butler and Allen counties as well.

Read it from the source.