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1470 & 100.3 WMBD/Ed Hammond PEORIA, Ill. The Peoria City Council Tuesday night received and filed a first reading of a proposed land bank in the city. A land bank is an entity created by a governmental body to help manage and dispose of vacant properties, vacant land, or tax-delinquent properties so they can be redeveloped for more productive use. “[Land banks] typically work in cities where the real estate market is not working in the way you would expect in parts of the city,” said Director of Community Development Ross Black. “Properties are not being fixed-up by property owners because there’s no profit incentive to do so.”

United statesCity councilLand bank boardIllinois housing development authorityPeoria city councilCommunity development rossPeoria city council tuesdayஒன்றுபட்டது மாநிலங்களில்நகரம் சபைநில வங்கி பலகைஇல்லினாய்ஸ் வீட்டுவசதி வளர்ச்சி அதிகாரம்பியோரியா நகரம் சபைபியோரியா நகரம் சபை செவ்வாய்