WASHINGTON, D.C. – November 11, 2013 – (RealEstateRama) — Philadelphia took a significant step in its quest to fix its broken vacant property disposition system and create a single predictable, transparent and streamlined process for vacant property disposition. The Philly Land Bank Alliance is pleased that on October 28th Bill No. 130156 was reported out of the Committee on Public Property and Public Works of the City Council of Philadelphia. However, the bill was amended at the last minute to require three elected and appointed public bodies to approve the transfer of every one of the almost 10,000 parcels of the city’s publicly owned vacant property. This adds unnecessary time and bureaucracy and will discourage investment in Philadelphia. We urge Council to remove the last-minute amendment that requires approval by the Vacant Property Review Committee, in addition to a resolution in City Council and final action by the Land Bank
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