I have had the Community Research Partners Project on the cost of vacant homes on my “to read” list for a week. Thankfully, I never gave up and read through the links this morning.
The information found in this project is amazing. For example, in the state of Ohio we are facing:
- $15,000,000 in annual city service costs
- $49,000,000 in lost property taxes
- 25,000 vacant properties.
The general information is amazing, but the depth of the research when looking at certain communities.
For example, it shows how Columbus – the state’s shining star – has several areas that continue to struggle. For example, the much-maligned Franklinton and near-Linden areas that have continually struggled.
Great read for anyone looking to get more information on the what the cost of vacant properties is to communities around the state.
Photograph by Sparky and used via license of Stock.xchg.
