A land bank authority would acquire distressed, unwanted properties, typically those in tax foreclosure, and rehabilitate and try to resell them to put them back on the tax rolls and help spur economic activity.
A land bank authority would allow the county to obtain distressed commercial, residential and industrial properties that no one else wants, rehabilitate them and sell them so they can be put to good use.
One caveat that some commissioners complained about was that the authority must be approved and have a meeting by Dec. 31 in order to be eligible for state funds to help with projects.
Ex-Macomb Prosecutor Eric Smith faces hearing in embezzlement case freep.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freep.com Daily Mail and Mail on Sunday newspapers.