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Developer backs out of 106 Jefferson; land bank and partner say neighborhood scale, lighting and sidewalks hinder sales
Summary
The land bank reported a developer withdrew from purchase of 106 Jefferson Avenue; Ryan, the development lead, told the board that neighborhood conditions, sidewalk and street-lighting issues, and the need for scale are slowing sales and that outreach and a new nonprofit are being used to build momentum.
The Evansville City Land Bank Board was told the applicant for 106 Jefferson Avenue has withdrawn and will not purchase the property, and heard a status update from Ryan on multiple development agreements and neighborhood stabilization efforts.
Ryan said the original set of four properties associated with early development agreements have been completed but that second- and third-phase properties remain in progress. He described obstacles to converting interest into completed sales: concerns about sidewalk…
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