"60 Million and Counting: The Cost of Vacant and Abandoned Properties to 8 Ohio Cities"... - 0 views
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Metropolitan Institute on 04 Jan 12Cleveland Community Research Partners and ReBuild Ohio. (2008). "$60 Million and Counting: The Cost of Vacant and Abandoned Properties to Eight Ohio Cities." Executive Summary: "This research documents the magnitude and cost of the vacant and abandoned properties problem in eight Ohio cities Cleveland, Columbus, Dayton, Ironton, Lima, Springfield, Toledo, Zanesville. The research found: * 25,000 vacant and abandoned properties * Widespread vacancies in both large and small cities * $15 million in annual city service costs * $49 million in cumulative lost property tax revenues to local governments and school districts * Weakened neighborhood housing markets with evidence of property flipping * Limited capacity of cities, on their own, to track and address vacant and abandoned properties