Trenton, NJ Nets $4.15 million on Auctioned Real Estate with GovPilot
In an effort to revitalize the city, promote affordable housing options, and generate revenue, New Jersey’s capital city, Trenton, hosted a live online auction of residential and commercial properties. The auction, hosted in partnership with GovPilot, a government management software provider, saw all 49 listed properties receive winning bids - generating $4.153 million in revenue for the city in one day.
This initiative is replicable in municipalities across the U.S. to help generate revenue.
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