BUSINESS
07/26/2010 10:53 am ET Updated May 25, 2011

U.S. Cities Are Giving Away Land To Earn Money

BEATRICE, Neb. -- Around the nation, cities and towns facing grim budget circumstances are grasping at unlikely -- some would say desperate -- means to bolster their shrunken tax bases. Like Beatrice, places like Dayton, Ohio, and Grafton, Ill., are giving away land for nominal fees or for nothing in the hope that it will boost the tax rolls and cut the lawn-mowing bills.

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