Monday, May 11, 2009
Destroying homes to save a city
The economy continues to hurt struggling towns across America, but one city -- Flint, Mich. -- is taking matters into its own hands.
Flint is trying to bounce back by tearing down homes.
In 2002, the Genesse County Landbank was established for this very reason. It has acquired thousands of foreclosed homes, and one by one, demolished them.
Officials say the abandoned homes attract criminals, are unsafe and bring down the entire area.
After a home is fully razed, officials try to sell the parcel to a next door neighbor for close to nothing -- about $25 in exchange for them to keep it up.