South Suburban Land Bank erases property tax debt and helps redevelop the south suburbs

Properties saddled with unpaid back taxes are a serious problem in the south suburbs. Suglich was going to walk away from the opportunity in Blue Island when Mark Miller, the city’s economic development project coordinator, told him about the South Suburban Land Bank and Development Authority.

“The land bank took it over from the bank, then I bought it from the land bank,” Suglich said.

The South Suburban Land Bank Development Authority has the ability to acquire, through purchase or donation, and sell properties more quickly and efficiently than the typical municipal process, Miller said…Please click here to read Ted Slowik’s column in the Tribune/Daily Southtown.