Mayor Michael Nutter reportedly intends to sign into law a bill City Council passed last week that aims to expedite the process by which the city sells vacant, abandoned properties.
Philadelphia Councilwoman Maria Quinones-Sanchez spearheaded the bill, which was finally approved after months of contentious debate, CBS Philly reports. Proponents hope the resulting so-called land bank will reduce the sale process for vacant properties from one that could last several years due to red tape to one that will wrap up in nine months.
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"I think we are all committed to a nine-month schedule,” Quinones-Sanchez told KYW Newsradio. “I think there can be simultaneous decision making. I think the key is, how do we ensure that everybody has access to the same amount of information, so that they can make decision making in a timely basis."
The city reportedly has some 9,000 vacant properties.