Chattanooga, TN Council Urged to Set Up Land Bank Authority
Updated 2/19: On February 17, THE CHATTANOOGAN.COM released an article titled City Council Approves Formation Of Land Bank Authority.
Link to article
On February 13, THE CHATTANOOGAN.COM released an article titled City Council Urged To Set Up Land Bank Authority.
City Council Urged To Set Up Land Bank Authority
The City Council is being urged to set up a Land Bank Authority that would have the power to acquire and hold land.
Donna Williams, administrator of city Economic and Community Development, said such a group “is sorely needed.”
She said it would identify under-utilized properties for potential future development.
“It could be pro-active in getting ahead of the market,” she said.
Private and public groups could donate properties, such as banks not in a position to manage foreclosed property, it was stated.
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