“Kevin Powell, the city’s acting manager of housing inspection, says officials plan to use $5.2 million to raze 475 abandoned properties by the end of September. The city knocked down 1,172 abandoned structures – single-family homes, strip malls, multi-unit buildings, commercial properties etc. — between 2009 and 2012, using money that included $8 million in federal funds. The average cost for a demolition, which includes asbestos removal, is $11,000. Abandon properties have a negative impact on the city’s tax collection, which are used to remove abandon properties and pay for other city services. ‘It’s a complete circle that keeps eating upon itself,’ Powell said.”
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