PHILADELPHIA-The Philadelphia City Council approved the creation of the Philadelphia Land Bank last week.
The unanimous vote on Thursday could help speed up the sale of vacant or tax delinquent properties in the city. Estimates are that there are about 9,000 properties that fall into one or both of those categories, according to the Philadelphia Business Journal.
Councilman Quiñones Sánchez said the Land Bank would “finally give Philadelphia the tools we need to reclaim our neighborhoods from blight, abandonment, and tax delinquency, and to get properties back into productive reuse.”
The bill's passage came as the result of a compromise that requires the City Council approval before a vacant property is acquired and sold. See story in the Philadelphia Business Journal.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
