Article: New York Times by David Streitfeld
"a model for a different era". From expansion with development to developing with shrinkage. Flint, Michigan talk about using land banks to covert abandoned, foreclosed properties into natural landscape, saving money, condesing the town and ultimately rethinking the American city.
“If it’s going to look abandoned, let it be clean and green,” he said. “Create the new Flint forest — something people will choose to live near, rather than something that symbolizes failure.”
land banks: (taken from this U. of Michigan site by Jessica de Wit) A land bank is a public authority created to efficiently hold, manage and develop tax-foreclosed property.(1) Land banks act as a legal and financial mechanism to transform vacant, abandoned and tax-foreclosed property back to productive use. Generally, land banks are funded by local governments' budgets or the management and disposition of tax-foreclosed property.(2) In addition, a land bank is a powerful locational incentive, which encourages redevelopment in older communities that generally have little available land and neighborhoods that have been blighted by an out-migration of residents and businesses.(3) While a land bank provides short-term fiscal benefits, it can also act as a tool for planning long-term community development. Successful land bank programs revitalize blighted neighborhoods and direct reinvestment back into these neighborhoods to support their long-term community vision.
Related:
Shrinking Cities in a Global Perspective Program, University of California, Berkeley
USA Today Article
