Vacant Bank Occupied in Santa Cruz

Vacant Bank Occupied in Santa CruzThu Dec 1 2011 Demonstrators Occupy Vacant Bank Building in Santa Cruz On November 30th, more than a hundred activists in Santa Cruz demonstrated in front of a Chase bank, before marching to and occupying a vacant bank building on River and Water Streets. A communique handed out shortly after the building was entered states, "This building is being re-purposed in solidarity with Occupy Santa Cruz. Formerly a Coast Commercial Bank, the building was bought by Wells Fargo, closed, and has been vacant for the past three years. The company leasing the building manages foreclosures for Wells Fargo.

"The building is being re-purposed under Federal and State laws surrounding 'adverse possession.' This law states that space is most beneficial to the people who use it. Spaces like this one, reclaimed from the wealthiest 1%, are places where we can seek redress to our grievances."

The Repurposing of 75 River St. | Photos: Vacant Bank Occupied Part 1 | Part 2 | One Demonstrator Arrested