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Where's The BEEF?

Posted by: David Gest
Thanks to: David Gest
9 March 2005 - 1:00pm

The Baltimore Efficiency and Economy Foundation has developed a way to sell vacant city-owned properties quickly, providing an opportunity to revitalize depressed neighborhoods.

Some Baltimore residents have begun "rehabbing [houses] purchased through a relatively new Baltimore program, Project SCOPE -- or 'Selling City Owned Properties Efficiently,' designed to streamline the sale of vacant houses. It taps the same market mechanisms that most private home sellers rely on -- Realtors and the Multiple Listing Service...Now the city, like any home seller, pays real estate agents a commission in exchange for their expertise and to get the properties on the listing service..." Will the program help Baltimore revitalize its 15,000 vacant properties, 10,000 of which the city owns?

Full Story: Potential through a program
Source: The Baltimore Sun, March 6, 2005
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