[CPEO-BIF] "Landbank Revitalization Efforts Generate Nearly $500, 000 for Suffolk County, " New York

[Lenny Siegel <lsiegel@cpeo.org>]

Suffolk County Executive Bellone Announces Landbank Revitalization Efforts Generate Nearly $500,000 for Suffolk County

LONG ISLAND NEWS & PR  (NY)
October 22, 2018

Suffolk County, NY - Suffolk County Executive Steve Bellone today announced that the County has secured nearly $500,000 through the Suffolk County Landbank Corporation’s revitalization efforts. The Landbank is presenting two checks to the County Comptroller for a total of $496,870 to cover incurred staff costs and the portion of proceeds from the sale of tax liens on brownfield properties. This payment represents the first time the Suffolk County Landbank has paid the County from revenue generated through the sale of tax liens.
 
“The Landbank’s work is paying dividends on multiple levels,” said County Executive Bellone “Not only is the Landbank cleaning up the environment, eliminating blight and returning properties to productive use, it is also protecting County taxpayers from the burden of making other taxing jurisdictions whole for the failure of owners of brownfield sites to pay property taxes. In addition to the nearly $500,000 being paid to the County today, the Landbank’s efforts have generated $6 million in delinquent property taxes.” 
 
Presiding Officer DuWayne Gregory said: “The lingering effect tax-delinquent brownfield properties have can be devastating to communities, the economy and the environment. I am proud of the work we have done and continue to do through the Suffolk County Landbank to facilitate the redevelopment of these properties and put them back on the tax rolls.”

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For the entire article, see
https://www.longisland.com/news/10-22-18/suffolk-county-executive-bellone-announces-landbank-revitalization-efforts-generate-nearly-500000-for-suffolk-county.html

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Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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