Evansville’s Blight Elimination Program Could be Revived
Updated 7/25/16: TristateHomepage.com released an article titled City Council Approves Evansville Land Bank Corp.
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Updated 6/8/16: WAVE NBC 3 released a report titled Vanderburgh Co land bank approved unanimously.
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Updated 5/9/16: The Evansville Courier & Press published an article titled Evansville OKs land bank, for a year.
Land Bank Update
February 1, 2016
EVANSVILLE, IN (WFIE) – Talks are under way to restart Evansville’s Blight Elimination Program.
[PREVIOUS: Funding for the Blight Elimination program greatly reduced]
Kellie Coures of the Department of Metropolitan Development says that he has asked the mayor to consider using the Brownfield Corporation as the city’s official land bank, which would restore the money that the city council originally took from the program.
Coures says that a blighted home in a neighborhood has a ripple effect, lowering the property value of every house around it.
His plan is to lift rundown properties from the ground, so a developer can rebuild a new property in its place.
Source: WAVE NBC 3 (WFIE Evansville)