Vacant Land Management in Philadelphia: The Costs of the Current System and the Benefits of Reform

The current system of managing vacant land in Philadelphia is fragmented and inefficient, leading to substantial economic and social costs. The study estimates that vacant parcels reduce property values by an aggregate of $3.6 billion, cost the city over $20 million annually in maintenance, and result in at least $2 million in uncollected property taxes each year. A reformed approach to vacant land management could transform these liabilities into assets, generating significant benefits for the city and its residents. The proposed reforms include creating a centralized inventory management system, streamlining the tax foreclosure process, and fostering collaboration among public, private, and community stakeholders. By implementing these changes, Philadelphia could see the development of approximately 3,400 new housing units within five years, generating over $35 million in tax revenues and supporting job creation and economic growth. The study emphasizes the importance of strategic and coordinated efforts to reclaim vacant land and reinvest in neighborhoods, ultimately enhancing the quality of life for all residents.