Letter to the Editor: Land Bank Act will help N.Y.
Originally published Friday, July 22, 2011 in the Albany Times Union
Dear Editor,
New York cities face a daunting vacancy crisis. Albany, Binghamton, Buffalo, Rochester, Schenectady, Syracuse, Troy and Utica all have vacancy rates over 10 percent, according to recent census data. Vacant properties pose a serious threat to New York communities by lowering surrounding property values, attracting crime, cutting into local tax revenues and perpetuating cycles of disinvestment.
Across New York, leaders have coalesced around the Land Bank Act as an antidote to fight the plague of vacancies. The state Legislature passed the measure; now it is time for Gov. Andrew Cuomo to sign it into law.