delinquent property owners can't buy more?

[mwilbert]

I'm not sure these properties should be auctioned at all. Why aren't they going into the land bank, and then held or disposed of in conjunction with an overall redevelopment plan?

[kraig]

Because that shit doesn't work.

[Richard]

Its not rocket science you have a master growth plan ,land bank those properties that are going to be in the path of this plan, what is left is considered surplus properties to be auctioned off.

So then who are you going to sell the surplus to? Someone that already has proven that they are not going to cover the taxes or maintenance ? Other then removing the the liability from the city, a $500 property sale hardly even covers the legal aspect of the sale.

Speculation entails going down to the city hall and looking at the master plan and buying those available properties from private owners that are in the path of future growth. IMHO