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Board questions TRICOG land‑bank dispositions, seeks long‑term return data
Summary
Board members approved TRICOG land‑bank notices but pressed for long‑term data on costs and returns, noting the district paid about $40,000 in fees and wants evidence of tax‑base recovery from rehabilitated properties.
The board approved a TRICOG land‑bank notice of proposed property dispositions but requested more information about costs, sales proceeds and long‑term tax revenue gains from the program.
During administrative resolutions (item 8.6), a board member asked staff to obtain historical performance data from TRICOG showing acquisition costs, rehabilitation investments and subsequent…
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