Mixed responses of hope and skepticism have surrounded the ordinance that created Philadelphia's new Land Bank, which is aimed at cleaning up and repurposing the city's roughly 40,000 underused or blighted properties. Philadelphia is currently the largest U.S. city to establish a land bank, and other cities with major real estate problems are undoubtedly looking to Philadelphia as a possible model.
Officials in Lansdale Borough, Pennsylvania, are mulling the property acquisition of a cemetery.
A piece of government-held real estate in West Chester has been up for sale since last year, but the crippled housing market has made the sale of the old, empty courthouse complex unwieldy for local officials. The Chester County board of commissioners has two interested bidders and wants public input on the property acquisition.