• Community sellling properties for $1

    by  • October 16, 2013 • News

    One a small eastern Illinois community is taking unusual steps toward development. It’s selling off about a dozen lots at $1 each, hoping to convince people to relocate to Vermillion County from the big city.

    Rossville Mayor Richard Queen tells the (Champaign) News-Gazette there’s no catch to the deal. But he says the new landowners will have to agree to build a home on each site.

    They’ll have 90 days to come up with construction plans and financing. They’ll have a year to build a home.

    If they don’t, the property returns to the village that’s about 35 miles northeast of Champaign.

    Queen says the community of about 1,300 residents hopes to recoup its investment through property taxes on the land.

    So far, the offer involves 11 plots in a subdivision, but could be expanded.