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SIDC urges Daviess County to pitch in $50,000 to keep regional land bank operating, outlines EDA water‑tower opportunity
Summary
Greg Jones of SIDC told the Daviess County Council the regional land bank now owns about 14 properties and asked each participating county to contribute $50,000 to keep the program funded after a grant runs out in September; he also described a possible EDA-funded water tower for the Crane Technology Park that could require a local match of roughly $2 million.
Greg Jones, representing the Southern Indiana Development Corporation (SIDC), told the Daviess County Council on May 13 that the regional development organization has helped secure roughly $18 million in grant funding for the region and is running a two‑and‑a‑half‑year regional land bank that now owns about 14 properties and expects to hold roughly 20 by 2027.
"In that 2 and a half years, we own 14," Jones said, adding that several properties are under contract with developers. He described the land‑bank model SIDC uses — including renovation contracts and local contractor engagement — and said the program is designed to return properties to productive use rather than sell to the highest bidder.
Jones told the council the land‑bank grant that…
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