Michigan isn’t exactly a stranger to distressed and blighted properties. Many homes across the state have lain abandoned for years — some serving as decade-old reminders of the Great Recession — frustrating residents and business owners alike. These dilapidated buildings often attract crime, cause property values to plummet and dissuade … Read More
Demo Starts this Week on Marshall State Farm Building
We told you last May that it was coming…..or, rather, going. Melching Inc. of Muskegon will begin demolition of the former State Farm building at 410 East Drive in Marshall this week. Demolition will continue through late August, with restoration running through September. “The former State Farm building has long … Read More
Study finds land banks boost economy all over state
LANSING, Mich. (WILX) – Michigan Association of Land Banks revealed a study on Tuesday that shows it can boost Michigan’s economy. The study showed that through the Land Bank, job growth has increased tremendously throughout the state with construction and landscaping industries. On top of job growth land banks have brought … Read More
Land Banks Claim Generate Economic Impact
Land banks can and are having a substantial economic impact in the communities they serve, according to a first-of-its-kind study released today by the Michigan Association of Land Banks (MALB). Michigan has been a pioneer in the use of land banks to rehabilitate and re-use abandoned, blighted and mainly tax-foreclosed properties, according … Read More
Study: Land Banks Provide Significant Economic Impact
In its first comprehensive study on the economic impact of land banks, the Michigan Association of Land Banks said Tuesday efforts by the agencies across the state have given communities a boost in jobs and investment while promoting innovative development. The 59-page report contains three case studies of the effectiveness … Read More
Report: Calhoun County Land Bank put $11.4 million into local economy
A study says the Calhoun County Land Bank has put more than $11.4 million back into the community since 2011. On Tuesday morning at the Capital Building, members of the Michigan Association of Land Banks discussed the findings of the economic impact study funded by the Michigan Land Bank. It … Read More
Study: Calhoun County Land Bank has $11.4 Million Impact on Community
Calhoun County’s Land Bank has been around for a while, and a new economic impact study says that their efforts have been bearing fruit. The Michigan Association of Land Banks says that the study was carried out to determine the impact land banks have on their communities, and they looked … Read More
In Michigan, unwanted properties could see new life with solar projects
Michigan foreclosures could be ripe for solar development, officials say. Michigan officials are exploring the potential for solar energy projects on tax-forfeited properties where there is no interest from developers for other uses. A state land bank in Michigan owns more than 4,500 properties that were obtained through tax foreclosure. … Read More
Practical Preservation Workshop Start Saturday
The Michigan Historic Preservation Network and Calhoun County Land Bank Authority are holding a series of upcoming workshops designed to provide residents with valuable, hands-on training repairing historic homes. The practical preservation workshops will be held this summer starting on June 9 at 26 Fremont Street in Battle Creek. The … Read More
Grant Will Raze State Farm; Other Buildings
The Calhoun County Land Bank is getting a $600,000 grant from the Calhoun County Treasure’s office to tear down the State Farm building in Marshall, as well as several other county properties. The projected demolition cost of a former State Farm building in Marshall, which has been vacant since 2006, is $700,000. The … Read More