Quote:
Originally Posted by BVictor1
I hate this plan, it shows the shortsightedness of the city and local representation of actually trying to revitalize the community. I live in West Woodlawn in the 20th Ward and there are a few lots and several boarded up buildings on my block.
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I respectfully disagree. This plan couldn't be better. The most prominent stipulation is that the buyer be a resident of that block. My oh my, if only Detroit had done that. The foreign investors come rushing in and buy up all the lots and never build anything on them.
Residents are now obligated to care for the lots per city ordinances. Because they are residents of that immediate area, they have incentives to improve the appearance and value of the property. When the neighborhood's time comes for revitalization in the form of new construction, they will sell.
If you want faster revitalization, and a better shot and densifying these neighborhoods, you need to transfer these lots to private owners that live in the neighborhood. Otherwise, it will be sold to landholding companies that will sit on the properties for eternity.