Senate Bill 795 would create a land bank in Kansas City. Proponents have argued that, given the foreclosure crisis, they have to do something about vacancy. I do not dispute the fact that vacancy is a public policy concern. However, there is no evidence that the land bank legislation proposed here will be an effective mechanism for getting vacant property back into private, productive use, nor is there any apparent evidence that the system of dealing with vacant property already in place in Kansas City is inadequate.
Read More:Download 20120305 - Spalding - KC Land Bank.pdf (555.89 KB)