ALLEN COUNTY, OH (WLIO) - The Allen County Land Bank is back at it, bringing down foreclosed properties to promote redevelopment.
The Allen County Land Bank is back at it, bringing down foreclosed properties to promote redevelopment.
The warehouse has been an eyesore along State Route 309, which is Kiracofe Avenue within the village of Elida. The building was built in 1939 and was most recently owned by Douglas P. Fay and housed a construction company.Â
The Allen County auditor says it took months to sort out all the transfers of the property to get the foreclosure complete and get to this day of demolition.
The building was built in 1939 and was most recently owned by Douglas P. Fay and housed a construction company.Â
"Our prime goal is to turn this property over to someone who will use the property to the benefit of the Village of Elida to be able to generate more tax dollars for the community and create a thriving business in the neighborhood. The land bank has unique capabilities that make things like this possible. For the village to do it on its own, for a neighbor to do it on its own, when the property owner has abandoned the property and left for another state, this is really one of the only options that remain to be able to turn the property back into success again," said Rachael Gilroy, Allen County Auditor.
Gilroy says that they more than likely will sell the approximately half an acre of land by sealed bid. No date has been set for that action.
Gilroy says that they more than likely will sell the approximately half an acre of land by sealed bid. No date has been set for that action.
