One stop shopping. That is the goal of the bill that Philadelphia Mayor Michael Nutter signed into law on January 13, 2014, creating the Philadelphia Land Bank. The Land Bank, which is to be fully operational by the end of this year, is intended to streamline and consolidate the process by which the City acquires and sells vacant and tax delinquent properties. The Land Bank will also act as the single repository for the approximately 9,500 vacant and surplus properties currently owned by the City through three separate entities: the City, the Philadelphia Redevelopment Authority and the Philadelphia Housing Development Corporation.
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Resources of Interest
- CityBiz Real Estate
- CT Department of Energy & Environmental Protection (CTDEP)
- Environmental Protection Agency (EPA)
- International Council of Shopping Centers (ICSC)
- NAIOP – The Commercial Real Estate Development Association
- NJ Department of Environmental Protection (NJDEP)
- NYC Department of Environmental Protection (NYCDEP)
- PA Department of Environmental Protection (PADEP)