497991 external_news 1455101976 1475893675 <![CDATA[Atlanta’s blighted properties are costing city millions, shows study by prof. Immergluck]]> Atlanta’s vacant and blighted properties are costing the city between $1.6 million and $2.9 million a year in direct services, according to a report by Georgia Tech professor Dan Immergluck, with even greater effects on property values and lost property tax revenue.

Immergluck repeatedly emphasizes that his estimates are conservative because the study only takes into account the impacts of vacant properties in poor or deteriorated condition. The report also only examines spillover effects on single-family properties up to 500 feet from abandoned homes, even though multi-family and commercial properties are also impacted, and previous studies have shown negative effects on property values up to 1,000 feet away or more. 

Learn more about the report on the Next City website.

]]> <![CDATA[]]> 2016-02-09 1224