•  
  •  
 

The Business, Entrepreneurship & Tax Law Review

Authors

Yelena Bosovik

Abstract

The housing and financial crisis of 2008 may be behind us, but a drive though any community, especially large urban areas, reveals too many boarded up buildings and abandoned properties littering an otherwise prosperous horizon. For many municipalities, the solution has been to create land banks to take possession of tax-delinquent properties and to sell them, with clean titles, for redevelopment or public use. This paper begins with a brief overview of the evolution of land banks, and a discussion on Missouri’s two land banks, one in Kansas City, and another one in the city of St. Louis. At the crux of this discussion is Missouri’s tax foreclosure process, which is intricately tied to how a land bank obtains its inventory. The bulk of the paper focuses on how to solve the growing problem of blighted properties in the county of St. Louis. Specifically, the recommendations propose statutory language that, if a land bank is established in St. Louis County, would allow the land bank to efficiently transfer abandoned and vacant properties into productive use.

First Page

1

Included in

Housing Law Commons

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.