County commissioners want to learn more about legal ramifications if they start a land bank. They don’t want to see the county collect a bunch of unwanted property they’ll have to take care of, and would rather wait until developers show interest. Jonathan Goering, Thrive Allen County’s economic development director, is ready to move forward with plans to start a land bank. Commissioners, though, aren’t quite as enthusiastic. They’re concerned the county could end up with a surplus of unwanted property they’ll have to maintain, and they could lose some property tax revenue. Goering assured them they have options to control those things.
Source: The Iola Register
