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Land Bank director outlines history, limits and plans for collaborations
Summary
Rachel Freeman, executive director of the Nantucket Land Bank, briefed the Planning & Economic Development Commission on the bank’s history, governance, statutory limits and a push toward collaborations for conservation, recreation, housing and mitigation.
Rachel Freeman, executive director of the Nantucket Land Bank, told the commission the land bank was born from local planning efforts in the early 1980s and is funded by a real estate transfer fee rather than a property tax. "My name is Rachel Freeman. I'm the executive director of the Nantucket Land Bank," she said, and summarized the agency’s origins, governance and statutory role.
Freeman said the land bank was initiated from goals set in the 1983 balanced‑growth planning process and approved by voters and the state, and that the bank now owns roughly 3,500 acres. She described governance by five publicly elected commissioners and noted oversight by the state Executive Office of Energy and Environmental Affairs…
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