The Kent County Land Bank is acquiring tax delinquent and abandoned … Under Michigan statute, land banks aren't supposed to buy tax … Legislature intended to limit land bank purchases to the less desirable … buying properties for the land bank. They make the purchases … sell the properties to the land bank at cost. Rep. Ken Yonker, …
… director of the Kent County Land Bank. The following is the transcript … argue that the purpose of a land bank is to manage abandoned or … is certainly one aspect of land banking, but [it] is unlikely … values of the Kent County Land Bank Authority (KCLBA) include … motivation. Is the Kent County Land Bank already becoming this type …
… 40 properties over to the Kent County Land Bank to prohibit private individuals … Alliance reports that the land bank spent nearly $500,000 to … Though the ostensible purpose of land banking, which has exploded … beset by vacancy, Michigan land banks have broad powers that can be misused and abused. Land banks have the ability to borrow …
… competition with government land bank authorities. The plaintiffs … day in court claimed that land banks, in cooperation with the … County and the Kent County Land Bank Authority, for allegedly allowing the land bank to cherry-pick tax-foreclosed … The investors claimed the land bank paid far less than what the …
… However, when the Kent County Land Bank Authority acquired 5076 Montauk … acquired by any Michigan land bank is considered blighted by … bidder. The theory behind land banks is that government needs … does not fit that bill. The land bank appears to have acquired … speculator." But Michigan's land banking law ensures that land …
… Michigan, the government land banks created to address it may … more harm than good. Some land banks have actually blocked private … the state, the Kent County Land Bank caused a stir last summer … auction. By doing so, the land bank blocked would-be buyers from … move cost taxpayers: The land bank spent more than $400,000 …
… whole new level with the Land Bank, a centerpiece of the Genesee County Urban Land Redevelopment Initiative. Utilizing … Shafran of WJRT in Flint, the Land Bank is now responsible for more … park. The Genesee County Land Bank, however, seems to go well … much of the property in the Land Bank. According to former Genesee …
… of residents to keep private land in private hands is an inspiration … can’t possibly fulfill the land-grab ambitions of groups such … percent of the county’s total land area (190,175 acres) has been … revenue that will result when land values decline following the … farmers and their heirs obtain bank loans for routine operations …
… candidate Virg Bernero was on WJR radio Thursday promoting the idea of a state bank to give select businesses loans to spur the economy. But in 2009, the Michigan … Mackinac Center for Public Policy. "This serves as a warning for the state bank. The state already has some experience making loans and it has not been …
In Michigan, land banking is new. But in Missouri, it has a … Saint Louis City set up a land bank in response to the exodus … they left behind. When the land bank was created in 1972, the … that time, the Saint Louis land bank has amassed more than 10,000 … into the operations of the land bank found that it rejects almost …
