Hazlet Backs Off Plan to Market Old Sewerage Authority Building -- For Now
Plan to rezone property is rejected by governing body, citing concerns from the neighborhood.
A township plan to market the site of its now-defunct Sewerage Authority near Cove Road School by rezoning the parcel to commercial use and attempting to sell the building and parking lot to the highest bidder, has been halted. At the Township Committee meeting Tuesday, Mayor David Tinker looked out at the large number of concerned residents and announced he was making a motion to reject the proposed zoning change. It was quickly seconded by Deputy Mayor Michael Sachs. "I'd like to let the residents know we heard you," said Tinker, to the energetic applause from residents who had previously said they feared the rezoning of the parcel would lead to a drop in property values and an unsafe increase in traffic. "Probably somewhere in the …
JosephGhabourLaw
3:19 pm on Wednesday, September 5, 2012
In this current real estate market, it is commercial and office space in designated transit villages, which garners demand. Indeed, changing property into open space will boost the property values of surrounding homes. This leaves the final question - if this becomes open space - how will the municipality recoup the lost value of the property? I don't hold an opinion yet, rather I'm trying to … more ›