LUCAS COUNTY (WTOL) - It's viewed as a much-needed tool to help stabilize neighborhoods that are suffering economically, and local leaders are looking to get the go-ahead in Columbus.
County leaders are asking for state lawmakers to help them turn some vacant and run-down properties around.
If approved, House Bill 602 and Senate Bill 353 would allow counties to create a land bank authority to be able to acquire and rehab residential and commercial properties that are foreclosed, vacant or abandoned.
"There's nothing that hurts the neighborhood or hurts a street more than a vacant, boarded-up eyesore property," says Lucas County Treasurer Wade Kapszukiewicz.
The prices of houses were just too high for too long. Houses continued to appreciate on the lender-distorted market while businesses fled Toledo like their asses were aflame. Once their prices crash down to where people of meager means can buy them for CASH, then the market will be said to have fully corrected.
High prices were the problem, Wade. They helped cause all these abandonments. Public funds can't fix that. WAKE UP.