What Is a Land Bank?

In the general sense, detroit is interesting because so much of the city is now owned by the government. Government really doesn't have any strategies for getting that land back on to market. And in the other context, what you've got is pennies on the dollar is what it costs to sit on a vacant lot. That's in one of the oldest and hoariest cliches, but it's true. I think that flipping the script on absenteeism, speculating on speculation, is is key to the to unlocking this land. It's locked up either by government thats had of ideas, or people who know a great investment when they see it.