【摘要】In 2009, Cuyahoga County, Ohio (Cleveland and 58 suburbs), established a land bank toacquire low-value properties, mitigate blighted housing, and slow the decline of property values. Thisempirical study evaluates the effectiveness of the land bank by estimating spatially corrected hedonicprice models using sales near the land-bank homes. The land bank reduces the negative externalitiesof the properties it acquires. Its largest impact is the preservation of equity in unsold homes. We alsoestimate the recovered value for homes sold during the study period and the property tax revenue thatmay have been forgone, absent the land bank.

【文献来源】Whitaker S;Fitzpatrick T J.Journal of Regional Science.2016（1）