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Commission debates $2 million land‑bank MOU: split between medical district and south‑side projects proposed
Summary
The commission discussed a revised memorandum of understanding to direct $2 million to the land bank for housing initiatives, with commissioners divided over allocating $1 million to the medical district and $1 million for projects near city‑owned assets on the south side; staff said the land bank would shepherd funds and work with developers.
City attorneys and commissioners on June 3 returned a revised memorandum of understanding that would direct $2 million to the land bank to support housing initiatives, and they debated how to allocate that money between the medical district and projects near city‑owned assets on the South Side.
What was proposed and debated City Attorney Michael Custer and staff reviewed a redraft of the MOU tied to an earlier commission consensus to deploy $2 million to support housing. Commissioner Vilnius Gaines urged that the funds be used to stimulate…
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