Downstate village sells $1 lots to attract residents
THE ASSOCIATED PRESS October 16, 2013 9:12AM
ROSSVILLE — A small eastern Illinois community is selling off about a dozen lots at $1 each, hoping to persuade 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.