Photo by NR flickr userJohn Leighton. The weekly link roundup is a collection of links related to Newburgh, revitalization, urban planning and anything else that might inspire change or create dialogue.
Indy embraces Baltimore fix for abandoned housing [Indy Star]
Parking hysteria is the norm, and that ain’t right [Better! Cities & Towns]
Newburgh NY: Feeling The Past To Envision The Future [HV Sojourner]
Ellsworth Kelly, an Artist Who Mixed Abstract With Simplicity, Dies at 92 [NYT]
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It’s worth mentioning that Indiana and Maryland have ‘deficiency’ laws relating to real estate. California (Richmond) attempted eminent domain a few years back, albeit for different but related reason, but met resistance from the original stakeholders. Banks, bond holders and pensions would have taken a haircut because Cali’s ‘anti-defeciency’ laws leaves them with little recourse to recoup any price disparity. In general, there are also the risks of discriminatory claims and undermined investor confidence. “Reforms to the tax sale system” would be a symbolic band-aid. Added, as long as banks continue to value properties ‘marked to fantasy’, with cash strapped municipalities following suit via assessments, owners of property, vacant or otherwise, will attempt to balance the equation. The same current economic undertow that correlates to property neglect is the causation forming a ‘Parking Hysteria’. However, as families consolidate their living arrangements out of necessity, vacant parking spots become valuable real estate.
As for Baltimore…really?