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What s a land bank? Peoria City Council may OK blight-fighting tool

PEORIA    The Peoria City Council on Tuesday could vote to create a land bank as a way to help spur development on currently vacant, abandoned, and tax-delinquent properties. And if it is approved, the measure will be the state s first city-run land bank, according to a memo to council members. It comes with $300,000 in funding from the state. I believe this money will allow the city to have a more focused and strategic process in place to deal with abandoned and blighted properties within the community, Joe Dulin, the city s assistant community development director, told the Journal Star on Monday. And this will allow the city to return properties back to the private market.

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