The Key to a Successful Land Bank: Collaboration! Jim Rokakis Ohio County Land Bank Conference September 13, 2017
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1 The Key to a Successful Land Bank: Collaboration! Jim Rokakis Ohio County Land Bank Conference September 13, 2017
2 LUCAS COUNTY LAND REUTILIZATION CORPORATION PROJECT: NORTH TOLEDO PARK COLLABORATORS: TOLEDO ARE METROPARKS CITY OF TOLEDO TOLEDO PUBLIC SCHOOLS
3 Toledo Area Metroparks will steward and maintain the property and create a new metro park with a nearly $500,000 grant from the National Park Service (Outdoor Recreation Legacy Partnership Grant). Metroparks directly purchased some of the parcels at Sheriff's sale, as some were already in the judicial tax foreclosure pipeline.
4 Lucas County Land Bank will obtain site control over all other parcels, through a combination of direct transfer through expedited tax foreclosure (the majority of parcels), judicial tax foreclosure / forfeited land, and acquisition through City of Toledo's land bank. The majority of the project has already transferred to the Metroparks (50 acres).
5 City of Toledo will work to vacate paper streets so all parcels can be combined, and has provided title to some properties. Toledo Public Schools and Metroparks will partner on programming for nearby Chase STEMM Academy.
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7 JEFFERSON COUNTY LAND REUTILIZATION CORPORATION PROJECT :601 COMMERCIAL STREET COLLABORATORS: MINGO REUTILIZATION COMMITTEE VILLAGE OF MINGO JUNCTION
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11 TRUMBULL COUNTY LAND REUTILIZATION CORPORATION PROJECT: ADOPT A HOME PROGRAM COLLABORATORS: LOCAL BUSINESSES AND INDIVIDUALS TRUMBULL 100
12 Businesses and individuals contributed 100K to renovate homes in historic Warren neighborhood Homes were rehabilitated in Warren s Historic Garden District Renovation costs often exceed sale price Three high quality renovations thus far When homes are sold the proceeds are poured into the next house
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15 MAHONING COUNTY LAND REUTILIZATION CORPORATION PROJECT: CHILL CAN FACTORY AND PRODUCTION SITE COLLABORATORS: JOSEPH COMPANY INTERNATIONAL CITY OF YOUNGSTOWN YOUNGSTOWN STATE UNIVERSITY
16 JOSEPH Company is a west coast company founded by a Youngstown native Owner Mitchell Joseph has perfected a self chilling can that will cool contents of can in 40 seconds Land bank helped acquire 85 parcels on a 21 acre site Construction underway hiring to begin this year 256 jobs will be created 6 buildings will be on site one completed and two are under construction
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20 SUMMIT COUNTY LAND REUTILIZATION CORPORATION PROJECT: CRACK DOWN ON AKRON S MOST NOTORIOUS LAND LORD AND TAX SCOFFLAW COLLABORATORS: CITY OF AKRON BUILDING DEPT. LEGAL AID TENANT ORGANIZATIONS N0N PROFIT HOUSING GROUPS
21 LANDLORD OWNS OVER 100 PROPERTIES IN SUMMIT COUNTY MOST IN AKRON OWES ALMOST $1 MILLION IN DELINQUENT PROPERTY TAXES LANDBANK COOPERATING WITH CITY TO FORECLOSE ON 74 OF THOSE PROPERTIES, INCLUDING 50 RESIDENTIAL OF WHICH 42 ARE OCCUPIED LANDBANK MAY BUY OCCUPIED AT SHERIFF SALE
22 MET WITH ALL TENANTS IN A SERIES OF PUBLIC MEETINGS (SEE PUBLIC INFO FLIER) HOPE TO MAKE TENANTS HOMEOWNERERS WHERE POSSIBLE, AND TO PARTNER WITH HOUSING GROUPS TO OWN PROPERTIES AND CONTINUE TO RENT TO EXISTING TENANTS EXTREMELY COMPLICATED BUT LANDBANK IS LEADING THE WAY (SEE PROJECT WORKFLOW)
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27 CUYAHOGA COUNTY LAND REUTILIZATION CORPORATION PROJECT: AMAZON FULFILLMENT CENTER COLLABORATORS: CITY OF WARRENSVEILL HEIGHTS VILLAGE OF NORTH RANDALL PRIVATE DEVELOPER
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29 Randall park mall once America s largest closed for several years Mall seriously tax delinquent and in disrepair Land bank worked with City of Warrenville Heights and the Village of North Randall to redevelop site Developer acquired a portion of mall by working with multiple property owners. Acquired several but at least two owners refused to cooperate
30 Developer had identified Amazon as potential user and approached land bank for help Land bank foreclosed and took possession of multiple parcels Amazon worked with developer on land configuration for a 2,000 job Amazon fulfillment center Deal announced two weeks ago
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32 BUTLER COUNTY LAND REUTILIZATION CORPORATION PROJECT: COLLABORATORS: MIAMI UNIVERSITY STUDY ON THE IMPACT OF THE LAND BANK MIAMI UNIVERSITY
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34 HAMILTION COUNTY LAND REUTILIZATION CORPORATION PROJECT: SAVING THE HISTORIC WEST END COLLABORATORS: CITY OF CINCINNATI
35 City is providing $500k to stabilize 6 adjoining rowhouses in the West End. Due to their historic nature, these properties cannot be demolished and absent intervention will continued to deteriorate Stabilization funding comes from the City s Strategic Enforcement and Economic Development (SEED) program created to encourage neighborhood stabilization and reinvestment through receivership and blight abatement Project is in early stages and it remains to be seen how successful it will be.
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General Information Pricing Details Location: 200 St. Clair Sale Price: $7,000,000 (319 Madison Ave.) Lease Price: $12.50 SF Gross Former Owens Corning World Headquarters City/State: Toledo OH County: