After more than a year of talks, Allen County is close to approving a land bank.
County commissioners met Tuesday with Jonathon Goering of Thrive Allen County as he puts the finishing touches on a land bank proposal, seen as a tool for attracting developers.
Under a land bank, a city or county has the power to remove delinquent tax obligations on abandoned property so that it can be transferred to a new owner without that financial burden. It makes the property more appealing to developers, and in some cases the government may sell it for a minimal amount, such as $1.
Officials in Iola, Humboldt, Gas, LaHarpe and Mildred have expressed interest in participating.