News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

The Holden Arboretum

Don Drumm Studios

Levin Furniture


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Ohio says locals should get a piece of the JP Morgan foreclosure settlement
Advocates say they've been dealing with the mess, and know the solutions
Story by NICK CASTELE


 
Jim Rokakis says local communities know best the way to deal with the mess left by mass foreclosures.
Courtesy of FILE PHOTO
Download (WKSU Only)
In The Region:

A group of current and former elected officials in Ohio are hoping the state will get a chunk of last year's $13 billion settlement between JP Morgan Chase and the U.S. Justice Department. For Ohio Public Radio, WCPN’s Nick Castele reports they've asked the company to set aside money to demolish vacant houses.

LISTEN: Ohio's plans for a share of the JP Morgan settlement

Other options:
Windows Media / MP3 Download (0:58)


The plan asks for $200 million to go to Ohio -- most of it to knock down houses that the foreclosure crisis left empty and deteriorating. Other funds would support renovation, prevent future foreclosures and revamp vacant land.

The proposal has the support of Congresswoman Marcy Kaptur and Ohio’s two senators, Sherrod Brown and Rob Portman.

Former Cuyahoga County Treasurer Jim Rokakis heads the Thriving Communities Institute, which wrote the plan. He says JP Morgan Chase should give locals discretion over the money. 

 “They helped to create this mess, and if they’re serious about a solution, then they have to listen to us,” he says. “We’re the folks on the ground who understand the impact of this disaster.”

A spokeswoman for JP Morgan Chase wouldn’t say whether the company supports the idea. An emailed statement says part of the settlement money is “designed to go directly to struggling homeowners and prospective homebuyers” and makes no mention of demolitions.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook



Stories with Recent Comments

Study shows raising the cigarette tax a dollar could raise $342 million
So, it takes an expert to tell us raising the tobacco tax raises the revenue for the state? Doh. By the way, any one who was going to quit smoking probably alre...

Akron's Highland Square celebrates community spirit and public art
Both Donna and her husband, Joseph are both such amazing art talents! The photos look stunning! I must get down to Angel Falls for an in-person look. I just l...

Pluto: Another off-season, another Browns quarterback conundrum
The Browns do need a draftable QB for the future. Johnny Manziel needs to go and that leaves Brian Hoyer and Connor Shaw. Free agency doesn't really have any so...

Exploradio: Improving the lives of paralyzed people
God bless you doctor. I hope to be alive the day that humans, like me, can use the results of your search...

Nature and nourishment down by the river at the Metroparks' Merwin's Wharf
I love QUICKBITES! I look forward to it every week. One question: is it possible to include a link to the restaurant or store that you profile? Thanks!

Canton's proposed Timken-McKinley school merger is drawing spirited debate
From a sports opinion Varsity would have a lot more talent to choose from So Im sure varsity sports would improve.Also Timkens name would be much more published...

Canton school board will decide whether to merge high schools
I really hope we can save those jobs, usually we try to cut budgets but the demand is still the same. Then we look bad a year or two after the descion is made. ...

FirstEnergy wants PUCO guarantees on nuclear and coal prices
Would just comment that the plant has admitted the following (as reporting in the Akron Beacon Journal): "The utility has said it may have difficulty keeping t...

Mozzarella's easy when you have a way with curd
Hello, Where can I get such a heater that you have? Does it hold temperature that you set? What brand and model is it? Thank you in advance!! :)

Pluto: A healthy LeBron James is the key for the rocky Cavs
It's time to back our Cleveland professional teams through thick and thin. I've seen management, players and coaches come and go and it hasn't changed a thing. ...

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University