How the Knox County Land Bank is affecting local communities


The Knox County Land Reutilization Corporation, also known as the Knox County land bank, takes abandoned properties that are vacant and tax delinquent, revitalizes them, and then sells them to new owners. This eliminates blight around the county and encourages economic development. The Land Bank President estimates that for every $1 the land bank spends, they generate $33.82 in redevelopment. Operating in earnest since the fall of 2018, the land bank has brought $3.5 million in reinvestment into the county. They are now looking to acquire even more buildings and financially support individual homeowners.

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