County edges closer to buying up vacant, foreclosed properties

By: Lisa Donovan
What is being dubbed the nation’s largest landbank — an independent agency set up to acquire vacant land and foreclosed homes and commercial property in Chicago and the suburbs — moved one step closer to setting up shop Tuesday. The Cook County Board’s finance committee signed off on creating the new landbank – in hopes of cleaning up neighborhoods and returning abandoned property to the tax roles. Because the finance committee’s membership is identical to the full County Board, the measure is expected to sail through final approval during Wednesday’s meeting.” Read More