A year after the Philadelphia Land Bank was signed into law, the first 17 parcels are being sold, signaling that the new quasi-government body is open for business.
However, its merchandise still hasn't arrived.
The transfer of properties can't happen until City Council returns to session Jan. 22. And even then, the process might not be so easy.
The land bank is meant to streamline the system for turning nearly 30,000 tax-delinquent, often-vacant parcels throughout the city into productive properties.
The idea is for the land bank to begin with an inventory of publicly owned properties - 8,000 have been identified as good candidates for the bank, said spokesman Paul Chrystie. The land bank will also acquire privately owned delinquent and vacant properties to package for sale.