$60 Million and Counting: The cost of vacant and abandoned properties to eight Ohio cities

Feb 19, 2008 | by
  • Description

This research documents the magnitude and cost of the vacant and abandoned properties problem in eight Ohio cities -- Cleveland, Columbus, Dayton, Ironton, Lima, Springfield, Toledo, Zanesville. The research found:

  • 25,000 vacant and abandoned properties
  • Widespread vacancies in both large and small cities
  • $15 million in annual city service costs
  • $49 million in cumulative lost property tax revenues to local governments and school districts
  • Weakened neighborhood housing markets with evidence of property flipping
  • Limited capacity of cities, on their own, to track and address vacant and abandoned properties