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Development Watch: Bank on It?

According to today's Inquirer, the controversial land bank proposal—not to be confused with the controversial land grab proposal—"is taking steps forward." A land bank would be used to centralize the care and feeding (and ideally development) of the city's vacant and abandoned properties. "After eight years of discussion, legislation sponsored by State Rep. John Taylor (R., Phila.) giving cities permission to establish land banks finally passed the General Assembly. Gov. Corbett signed the bill in October. Since then, the Nutter administration has been moving to house a land bank within the Philadelphia Housing Development Corp. (PHDC)." [Inquirer; previously, "Maria Explains It All to You: What the Heck Is a Land Bank?"]