Kettering University is snapping up property around its Flint campus from the Genesee County Land Bank Authority, clearing vacant structures and creating a land link that extends all the way to Flint's Historic Atwood Stadium.
The university has bought 25 lots following its purchase of 25 parcels from the Genesee County Land Bank in September 2012. School officials have expressed an interest in several dozen other sites.
“Most of them are vacant lots. There were a number of them with structures on them,” said Doug Weiland, executive director of the Genesee County Land Bank, noting Kettering has shown interest in a total 95 properties around its campus.
He said demolition on the first “batch” of properties is under way. Kettering paid $100 to buy each lot -- a standard cost for the sale of vacant land bank property -- and has spent an estimated $10,000 to tear down each structure. The university is looking at a $300,000 investment in clearing 30 potential structures, he said.