land bank

noun

Definition of land bank 

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

Examples of land bank in a Sentence

Recent Examples on the Web

Many cities, including Detroit and Cleveland, have focused on demolition programs and land banks to remove eyesores and put property back onto municipal tax rolls and into productive use. Patrick Sisson, Curbed, "The high cost of abandoned property, and how cities can push back," 1 June 2018 Indianapolis’ Hardest Hit Fund program is run by a nonprofit, Renew Indianapolis, which functions as the city’s land bank. Katrease Stafford, Detroit Free Press, "Detroit's demolition program under fire for lack of diversity," 16 June 2018 But plans to convert the center of the golf course into a land bank still exist. J. Harry Jones, sandiegouniontribune.com, "Dissolution of group in Bonsall may have been premature," 29 June 2018 The land bank was required to conduct an architectural survey before destroying the homes, and Koessel's home, at 3744 Stanley Ave. David North, Chicago Reader, "Architecture / Crime / Arts Historic home destroyed in fire; ex-owner furious at county for home’s demise," 28 June 2018 More than 150 land bank authorities have been established across the country, mostly in Ohio and Michigan. Patrick Sisson, Curbed, "The high cost of abandoned property, and how cities can push back," 1 June 2018 The bulk of the properties are in East and West Englewood, according to land bank documents. Corilyn Shropshire, chicagotribune.com, "Cook County selling nearly 3,200 vacant lots to encourage redevelopment," 1 May 2018 Through a no cash bid purchase, the land bank can acquire the tax lien at no cost, as long as there are no bidders willing to pay more than the delinquency amount, explained Tatia Gibbons, the county clerk’s director of real estate and tax services. Zak Koeske, Daily Southtown, "Blighted property allegedly seized by Harvey had been part of FBI probe of mayoral consultant, records show," 4 May 2018 The city will land bank the Crosby site until future use is determined. Jennifer Conn, Akron Reporter, cleveland.com, "Akron School Board approves district's purchase of Ten North Main, sets land swap in motion," 29 Oct. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'land bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of land bank

1696, in the meaning defined above

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Dictionary Entries near land bank

landau

Landau

landaulet

land bank

land battleship

landblink

landbook

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Time Traveler for land bank

The first known use of land bank was in 1696

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More Definitions for land bank

land bank

Legal Definition of land bank 

see bank

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Rhyming Dictionary: Words that rhyme with land bank

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