land bank

noun

: a bank that provides financing for land development and for farm mortgages

Examples of land bank in a Sentence

Recent Examples on the Web In theory, a land bank could help resolve this dilemma. Giacomo Bologna, Baltimore Sun, 22 Aug. 2023 More than 200 cities across the country have established land banks. Giacomo Bologna, Baltimore Sun, 22 Aug. 2023 More:Detroit is the only Michigan city that can establish a land bank. Jenna Prestininzi, Detroit Free Press, 7 July 2023 Baltimore leaders nixed plans for a land bank in 2009 after concerns about transparency and financial feasibility. Giacomo Bologna, Baltimore Sun, 22 Aug. 2023 At a June 20 meeting with council’s Finance Committee, officials explained that the city does not require escrow for developers purchasing city land bank property, but there are other protections built into the agreements. Thomas Jewell, cleveland, 18 July 2023 Now blighted, Roche said the buildings have been placed in the city’s land bank. cleveland, 30 Sep. 2021 Palm Beach has always been a land bank. Jane Starr Drinkard, Curbed, 4 Aug. 2021 Bree Jones, founder of Parity, believes there is a need for a land bank, a quasi-governmental organization that would acquire and sell vacant and abandoned homes and land to ease the vacant crisis. Giacomo Bologna, Baltimore Sun, 27 Feb. 2023

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'land bank.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1696, in the meaning defined above

Time Traveler
The first known use of land bank was in 1696

Dictionary Entries Near land bank

Cite this Entry

“Land bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/land%20bank. Accessed 19 Mar. 2024.

Legal Definition

land bank

see bank

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