Ants arriving at the picnic: U.S. 6th Circuit Court of Appeals finds merit in federal “takings” claim filed against county land bank

In May 2021, the federal 6th Circuit Court of Appeals in Cincinnati sent a county land bank case back to the district court in Dayton for reconsideration. Rejecting the winning argument at the lower level—that the owner of an abandoned property had her chance to raise objections earlier in a tax foreclosure process, which she didn’t—the appeals court held that new U.S. Supreme Court precedent does, in fact, allow the owner to raise a federal “takings” argument under the Constitution once a property is deemed abandoned and titled to a county land bank. For more, read the full article

Economic Development, Financial Incentives, Project Finance