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Revitalize Blighted Properties With Land Banks

 

Drive stabilization, revitalization and economic growth in your community with best practices for land bank programs.

Land banks are proven tools to remove blighted structures and acquire problem properties in post-industrial legacy cities and neighborhoods across the U.S. The process of land banking - whereby quasi-governmental entities acquire and manage properties that are tax delinquent and unoccupied, striving to return them to the open market - is getting a closer look as a possible response to the COVID-19 public health emergency. With legislation proposed in Congress, land banks may grow as the go-to instruments in local governments' and community and economic developers' tool chests to address blight, assemble sites for redevelopment, and help resolve a possible flood of foreclosed and abandoned properties. This topic will review the national land bank movement and undertake a critical assessment of the Ohio land banking model.

Agenda

Faculty

Jeffry Harris

Jeffry Harris

Bricker & Eckler LLP

  • Economic development attorney with leading Midwest law firm based in Columbus, Ohio serving national client base
  • More than 20 years’ experience as economic development practitioner in leadership roles at state, county, and municipal levels
  • Former land bank general counsel (Knox County, Ohio)
  • Former Knox County (Ohio) Special Prosecutor, Board of Revision Tax Foreclosures
  • Former Chief Financial Officer, Ohio Department of Development
  • Development Finance Certified Professional (Council of Development Finance Professionals)
  • J.D. degree and M.P.A. degree, The Ohio State University
Tyler Compton

Tyler Compton

Bricker & Eckler LLP

  • Attorney in Bricker & Eckler LLP’s Public Finance Group
  • Has a practice focused on economic development projects, including commercial and residential Property Assessed Clean Energy (C-PACE and R-PACE) financing
  • Has experience with state and local tax, including sales and use tax, commercial activity tax, and construction contract issues
  • Was co-owner of CompTwins Enterprises in Granville, working with local banks to maintain foreclosed homes for resale
  • 2018 graduate of The Ohio State University's Moritz College of Law
  • While at OSU, served as business editor of the Ohio State Journal on Dispute Resolution and as vice president of the school’s Sport and Entertainment Law Association
  • B.A. degree in sports management, magna cum laude, Otterbein University, in addition to earning Academic All-Ohio Athletic Conference and Academic All-American honors during his college career
Gus Frangos

Gus Frangos

Cuyahoga County Land Reutilization Corporation

  • President and general counsel of the Cuyahoga County Land Reutilization Corporation
  • Areas of legal concentration include land-related issues, constitutional, commercial real estate, zoning, administrative and business transactional law
  • Was the primary drafter of Ohio’s House Bill 294 and S.B. 353 establishing enhanced-capacity county land banks, and expedited administrative tax foreclosure policy
  • Served as an associate attorney at the law firm of Ulmer & Berne from 1982 to 1986 concentrating in business law and litigation
  • Served as the 13th Ward Cleveland City Councilman
  • Was appointed as a Magistrate Judge in the Cleveland Municipal Court where he served with distinction
  • Was retained by the Cuyahoga County Treasurer to craft legislation to help expedite the tax foreclosure process, specifically on vacant and abandoned properties
  • Was the primary drafter of the recently passed S.B. 353 which established the first of its kind “Land Reutilization Corporation;" H.B. 293 provides real estate tax assistance to seniors through a link deposit program; H.B. 294 authorized expedited administrative tax foreclosures of abandoned land through the County Boards of Revision; and S.B. 353 enables the establishment of County Land Reutilization Corporations with enhanced capabilities for the reclamation of distressed properties
  • Graduated with honors from Cleveland Marshall College of Law

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