Abandoned Real Estate May Be Costing Eight Ohio Cities $63M+, Says New Report

In Columbus, Ohio, The Associated Press reports:

• More than 25,000 vacant and abandoned properties cost eight Ohio cities at least $63 million, as ill-equipped local governments have been unable to wrestle with job loss and the foreclosure crisis, a report found. A report released Tuesday by Community Research Partners showed that Cleveland, Columbus, Dayton, Ironton, Lima, Springfield, Toledo and Zanesville have lost millions in services and tax revenues as vacant residences and abandoned lots have mounted. The study was commissioned by ReBuild Ohio, a coalition of local government, non-profit and civic organizations. Researchers said that Dayton and Columbus were able to provide complete data, but many of the smaller cities, as well as Cleveland, weren't able to provide a comprehensive picture. So the total costs of $63 million are likely to be much higher.

For more, see Report: Abandoned properties costing Ohio cities $63M.

See also, The Columbus Dispatch: Empty Housing Costing Millions (Vacant proprties degrade quality of life, study says).

To view the report, see $60 Million and Counting: The cost of vacant and abandoned properties to eight Ohio cities:

• Executive Summary,
• Full Report without city sections, (20.2 MB)
• Full Report (20.2 MB).