- Associated Press - Sunday, September 20, 2015

HAMILTON, Ohio (AP) - A program in a southwest Ohio city is struggling to sell blighted properties for redevelopment and has not attracted much interest in the nearly three years it’s been running.

The Hamilton-Middletown Journal-News reports (https://bit.ly/1KOKO2Z ) the Consortium for Ongoing Reinvestment Efforts Fund launched in December 2012 and has raised approximately $7.5 million so far.

The goal is to restore empty buildings in Hamilton and turn them over to the private sector.

Director Mike Dingeldein says the buildings have proved to be a hard sell. Of the 26 properties the fund has purchased or been given, only one has sold to a city employee.

Dingeldein says many prospective buyers back out once they realize what’s required to make renovations.

CORE’s work is funded by public and private sources, including U.S. Bank.


Information from: The JournalNews of Hamilton, https://www.journal-news.com/cgi-bin/liveique.acgi$sch=jnfront?jnfront

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