What's a land bank? Peoria City Council may OK blight-fighting tool
PEORIA — The Peoria City Council on Tuesday could vote to create a "land bank" as a way to help spur development on currently vacant, abandoned, and tax-delinquent properties. And if it is approved, the measure will be the state's first city-run land bank, according to a memo to council members. It comes with $300,000 in funding from the state. "I believe this money will allow the city to have a more focused and strategic process in place to deal with abandoned and blighted properties within the community," Joe Dulin, the city's assistant community development director, told the Journal...