GREEN BAY, Wis. (AP) — The city of Green Bay is getting into the business of flipping houses, an enterprise made more popular by home renovation shows on cable channel HGTV.
The city bought a foreclosed property from the Brown County Treasurer’s Office and turned an eyesore into a house that sold for about $200,000.
Green Bay’s Redevelopment Authority chairman Harry Maier tells WBAY-TV it’s about more than just the revenue — it’s putting a house back on the tax rolls and improving the neighborhood.
Kevin Zoeller is the city’s neighborhood development specialist. Zoeller says crews removed all of the dry wall and flooring and basically started from scratch. After three months of work the property sold in about a week for the asking price.
The city closed on another property Tuesday and will begin renovation work soon.