The Lake County Land Reutilization Corp, also known as the Lake County Land Bank, said on November 27 that it had received word that its application to the Ohio Department of Development for funds made available through Gov. Mike DeWine’s Demolition and Site Revitalization Program was approved in full.
The program was made to help local communities tear down old commercial and residential buildings and fix up the land around them so that they could attract investments, businesses, and jobs.
In a news release, DeWine said, “There are places all over Ohio that would be great for redevelopment, but the cost of tearing down the crumbling buildings on these sites is getting in the way of new business opportunities.” “By helping to get rid of this blight, we are investing in the future of our citizens and communities.”
The group effort also helps to bring new businesses to different areas. Officials say that set-aside grants for each county that were announced earlier this year will pay for the projects.
Fifteen counties will also get an extra $22.6 million from the program to pay for demolition costs that were not covered by the initial set-aside grants.
About $150 million in grants will be given out by the program for demolition and revitalization projects all over the state.
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Land Bank Executive Director John Rogers said, “After looking at the 30 land banks in Ohio listed in the department of development’s allocations, we are set to get a total of $1,214,663, which makes us the fourth-largest award recipient in the state.”
“When these funds are added to our required matching amount of $178,667, the total cost of the project will be $1,393,330.”
There are sites in Eastlake, Mentor, Mentor-on-the-Lake, and Painesville. Leroy Township and Wickliffe each have one site.
Originally, the program application also included a building on Waldmer Drive in Eastlake. However, Rogers said that it has been taken off the list now that city officials and the property owner have agreed on how to fix up the house in the future.
He also said that six buildings have been taken down, with the Provo House on Euclid Avenue in Wickliffe being the most recent.
“Two more buildings will be torn down soon,” Rogers said. “The Land Bank continues its successful trend of using available resources to get a big return on investment in order to help communities all over Lake County get rid of abandoned buildings.”
“This grant was unique in that a for-profit organization could help with the planned revitalization or redevelopment along Mentor Avenue. This was a first during my time here.”
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