Missouri HB 587

Jackson/Cass Suburbs, including South KC
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7-ate-9
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Missouri HB 587

Post by 7-ate-9 »

Missouri House Bill 587 recently passed through committee. Basically it allows localities to opt-in to create their own land banks.

https://fastdemocracy.com/bill-search/m ... #billtexts

Sounds good on paper: LB acquires debt-ridden vacant property, sells it cheap (and debt-free), and buyers pledge to build and maintain the property.

But then there are stories of grifters, glad-handing, and conflicts of interest, specifically with the KC Land Bank.

https://www.kcur.org/housing-developmen ... -land-bank

Does anyone have an opinion on HB 587 (positive or negative) or on land banks in general?
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