FRANKLIN TOWNSHIP, NJ - The deal is now closed and the celebration has begun on a deal that could potentially block what could have been more homes to be built in town.
What a $14M dollar handshake looks like:
"To 600 fewer homes, preserved open space, and to the grace of god," Mayor Phillip Kramer said.
The Township will close on a deal that will cost $14,090,000 for 64 acres of land located on Route 27 from the Consolata Society for Foreign Missions, this Thursday.
The move is an attempt to prevent the building of more homes in a town that issued 432 building permits in 2016, with 360 of them going to multifamily homes, according to a report from NJ.com.
“This will be an exciting day," Mayor Phillip Kramer said in a statement. "We have worked with Father Paolo Fedrigoni from Consolata for over two years to purchase this property. There could have been over 500 townhomes built on this site so preserving it was very important to the Township.”
The township has not decided what it will do with the land at this time, and the closing will take place at the Municipal Building in the Council Chambers, May 11, at 1 p.m.
“As Consolatas, we are pleased that the property will benefit the local community to which we have been attached for more than 50 years," Father Paolo Fedrigoni said in a statement. "We will stay in the area and be glad to keep in touch with the people who, through us, have helped many throughout the world. The driveway to the buildings, "Allamano Way", is named after our Founder whose desire was to open up the local communities to wider horizons. This is our wish for Franklin Township and for all the places we work in North America.”
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