land bank
nounDefinition of land bank
: a bank that provides financing for land development and for farm mortgages
Examples of land bank in a Sentence
Recent Examples on the Web
Most of it is bought by wealthy developers, who by now are sitting on land banks of their own. — The Economist, "The turmoil in Hong Kong stems in part from its unaffordable housing," 22 Aug. 2019 Dixon gave as an example Rawlings-Blake’s opposition to legislation to create a land bank. — Ian Duncan, baltimoresun.com, "Tension between Baltimore’s mayor, council president returns as Young and Scott negotiate new roles," 6 Aug. 2019 Rather than demanding more blacktop when it is not needed, the city allows a petitioner to land bank the parking spaces. — Jeff Piorkowski/special To Cleveland.com, cleveland.com, "Beachwood Planning Commission approves new building; sets special meeting for schools' plan," 27 Apr. 2018 Those conditions include adequate landscaping for the new parking lot and the 22 land banked spaces, sufficient to screen cars and block headlights from shining onto neighboring properties and homes. — Graydon Megan, chicagotribune.com, "Elmhurst's Redeemer Lutheran Church gets preliminary approval for land sale," 10 Apr. 2018 The land bank released an economic impact study on Wednesday to celebrate its 10 years. — Emily Bamforth, cleveland.com, "Cuyahoga Land Bank begins to see ‘needle move’ in weakest housing markets: By the numbers," 26 June 2019 Once the land bank enters a no cash bid, the property owner has a period of time within which to redeem the property’s back taxes or risk losing title. — Zak Koeske, Daily Southtown, "Blighted property allegedly seized by Harvey had been part of FBI probe of mayoral consultant, records show," 4 May 2018 The city is working with state and county land banks in the effort. — Perry A. Farrell, Detroit Free Press, "Highland Park looking to redevelop 1,000 properties," 8 Jan. 2018 Governments often rely on land banks to fund the purchases. — Esther Fung, WSJ, "The Government May Want to Buy Your Dying Mall," 11 Sep. 2018These example sentences are selected automatically from various online news sources to reflect current usage of the word 'land bank.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
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