Thursday, May 28, 2009

Proposed Legislation Would Create "Land Banks"

State Representative John Taylor has introduced legislation that would create authorities throughout the state's cities and municipalities that have the ability to purchase vacant or tax delinquent properties. The "Land Banks" would then be able to do what they feel is most beneficial to the community with that property. Taylor said he wants this legislation to pass because he is seeing to many developers purchase property who do not have a vested interest in the community.

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