Cook County land bank aimed at ending blight
CHICAGO — Cook County has a new tool to help return vacant and abandoned properties to the tax rolls.
The Cook County Board voted unanimously to create the Cook County Land Bank Authority. The agency will promote redevelopment of vacant, foreclosed and tax-delinquent properties.
In a press release, Board President Toni Preckwinkle says land banks have been effective tools to combat the foreclosure crisis in other communities. She says more than 80 local governments in 23 states have land banks.
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