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Land Bank faces funding strain; demolition near Gemini Center opens redevelopment opportunity
Summary
Fairview Park Mayor Bill Schneider reported the County Land Bank is operating under reduced state and federal funding, may run a deficit, and assisted demolition near the Gemini Center that created open space for potential commercial, community-use, and parking expansion.
The County Land Bank is experiencing operating pressure from reduced state and federal funding and may operate at a deficit until additional funding is secured, Fairview Park Mayor Bill Schneider told the Westshore Council of Governments.
Schneider said year-end financials were reviewed and that layoffs were discussed as a potential option, though no action was taken. He noted the Land Bank assisted with demolition of buildings near the Gemini Center, creating open space that local officials hope could be repurposed for commercial and community uses and expanded parking for the Gemini Center.
Council members did not vote on any Land Bank actions at the meeting; Schneider said the Land Bank met with its newly appointed Development Director, who has expressed interest in returning for a presentation to the COG. No specific funding sources or timelines for redevelopment were provided at the meeting.
