摘要：A modern land bank is a public entity that purchases and demolishes blighted housing to remove negative externalities.We estimate the impact of land bank demolitions on surrounding property values for a medium-sized municipality.Using a spatial correction hedonic model of house prices, we find modest but imprecise increases in sales pricesassociated with land bank activity in a neighborhood. In general, the impact estimates we find are smaller than thosefound in the literature for a much larger metropolitan area. We speculate on the cause of this difference in findings.
