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|May 17, 2012|
Dear CenterState CEO Member:
A powerful tool has been unleashed to combat major obstacles to revitalizing our region’s abandoned and tax delinquent properties. Governor Cuomo announced yesterday that Syracuse and Onondaga County are among the first communities in the state to receive approval to create an intermunicpal land bank.
A land bank stands to have a dramatic impact on our urban core by providing a vehicle to address blighted structures, improve property values in our neighborhoods, and lead to new economic development projects.
With yesterday’s final approval, the newly created Greater Syracuse Property Development Corp., established in March through an agreement approved by the Syracuse Common Council and Onondaga County Legislature, can begin operation to:
CenterState CEO has long been an advocate for land banks, helping lead the statewide advocacy effort to enact land bank enabling legislation in New York, which was signed into law in July 2011. Since then, CEO has worked side-by-side with City of Syracuse and Onondaga County leaders and the Center for Community Progress (a national expert on land banks), providing technical and financial assistance to make a land bank a reality.
I commend Governor Cuomo, ESD Regional President Sam Hoyt, Senator David Valesky, Assemblyman William Magnarelli, Mayor Stephanie Miner, County Executive Joanie Mahoney, and Syracuse United Neighbors for their leadership and commitment to this issue. I am confident that this land bank will help us create more vibrant, stable neighborhoods, and more prosperous communities
Robert M. Simpson