Hightstown’s New Ordinance to Attract Developers
In an effort to get the Rug Mill Property on Bank Street redeveloped Hightstown’s Council has introduced an ordinance to eliminate the requirement that the developer build a new or refurbished borough hall as part of the project. The new ordinance would allow the borough to accept a contribution of $350,000 from landowner and developer John Wolfington, of Greystone Capital Partners, in lieu of the work.
In addition to dropping the borough hall requirement, the borough could accept payments in lieu of taxes and if it desires, keep all the money in borough coffers.
The Planning Board meets on October 15 and is expected to discuss the matter. There could be a final public hearing on October 16.