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Study: Vacant and Abandoned Properties Cost Ohio $64 Million

Feb 19, 2008By

Abandoned homes and vacant lots are much more than an eyesore in major urban areas of Ohio — a new study released Tuesday finds that they’re costing city governments at least $64 million per year. The total is likely much more than that figure, according to a study by the Community Research Partners of Columbus, which said Tuesday that the cost may actually be 10 times greater once the costs to all cities and towns in Ohio are fully accounted for — and if cities uniformly inventoried all of the vacant and abandoned property within their jurisdictions.

3d rendering of a row of luxury townhouses along a street

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