To the editor,
Those who have reviewed the financial impact study for Flemington Borough’s Courthouse Square Development Project have found it lacking.
A quick comparison of anticipated revenue against the costs listed has the Borough paying $250,000 or more annually based on current contracts with the developer. This does not include added infrastructure costs.
A large portion of this cost is for the replacement of our Police Department building. If a new police department building is removed from the equation, then the Borough will only net about $70,000 a year - far better than paying $250,000 or more annually but still significantly below the half-million dollars of annual revenue as initially sold to Borough taxpayers...Again, this does not include added infrastructure costs.
It is unfortunate that the Beacon study is lacking a conclusion on the most critical cost. I have repeatedly asked for this information since 2017, and as a member of the Borough’s redevelopment committee in 2018 and into early 2019. In May of this year, two months after the Beacon study was initiated, I was told in writing then by Councilman Jeff Doshna, that Beacon is “...aware of the infrastructure issues related to the project, and will be looking at the potential costs to the Borough.”
Let’s move forward with the Courthouse Square Project, informed of all the facts. Much time has been wasted on obstructing relevant information. The next steps should be clear.
Michael Harris, President
Flemington Borough Council