Evansville looks to casino rents for redevelopment project
Posted May 08, 2016 7:00 am
EVANSVILLE, Ind. (AP) - Evansville elected leaders will again consider a plan to tear down blighted and vacant buildings across the city.
The Evansville Courier & Press (http://bit.ly/1q7lwU8 ) reports that Mayor Lloyd Winnecke plans to ask the City Council on Monday to use $1.7 million in riverboat casino rent payments to finance the program.
A different council rejected a mayoral effort to launch the land bank project last year.
Nearly 150 properties are targeted in the first round of demolitions. A five-year plan aims to tear down close to 2,000 blighted or empty buildings.
City leaders hope the program will make it easier to find new owners to develop the once-downtrodden properties.
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