Posted Tuesday, November 13, 2007
The story of Ohio's foreclosure crisis is now pretty familiar: block after block of boarded up homes, stripped of siding and their pipes. You've seen the pictures, but can you imagine the potential? Flint, Michigan, faced a similar scenario in the 1990s. Then, they changed the laws to give the county ownership over foreclosed properties. Since then, property values have gone up and neighborhoods have turned around. The same isn't exactly true for Wayne County and Detroit. Could a land bank work here? We'll find out Tuesday at nine.
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