The primary purpose of the Greater Syracuse Land Bank is to return vacant, abandoned, underutilized, and tax-delinquent properties to productive use in ways that support the community’s long-range vision for its future.
We do this by acquiring these properties, stabilizing them, selling them to responsible buyers for redevelopment, and by assembling and land banking projects for long-range redevelopment plans. Responsible, well-planned redevelopment of these properties will increase surrounding property values, improve quality of life for surrounding residents, and stabilize the tax base making it easier for local governments to provide essential services. Ensuring that properties are redeveloped by qualified developers, with adequate plans, and for purposes that benefit the surrounding community will work to reverse the decline of property values in blighted areas.
The Greater Syracuse Property Development Corporation is an independent nonprofit and a local public authority created by Intermunicipal Agreement between the City of Syracuse and the County of Onondaga. It is governed by a board of directors appointed by the City and the County.
To address the problems of vacant, abandoned, or tax delinquent property in the City of Syracuse and the County of Onondaga in a coordinated manner through the acquisition of real property pursuant to New York Not-for-Profit Corporations Law section 1608 and returning that property to productive use in order to strengthen the economy, improve the quality of life, and improve the financial condition of the municipalities, through the use of the powers and tools granted to Land Banks by the Laws of the State of New York.