United Republican Club of Fort Lee official says in this Op-Ed that the goal is to collect 2,000 signatures by Dec. 28 and either a referendum on the roughly $2 million acquisition or a reversal of the governing body’s decision.
Monday, December 24, 2012
The Fort Lee Republican organization has created an online petition opposing a decision by the Mayor and Council to appropriate more than $2 million to acquire land at 183 Main St., the current location of Woori Bank, for a park on the West parcel of Redevelopment Area 5. “Fort Lee does not need more debt,” the wording of the petition begins. “If a private venture is interested in a property it should be purchased entirely by this entity. The municipality does not need to be in the speculative business of real estate.” United Republican Club of Fort Lee vice president Keith Jensen submitted the following Op-Ed regarding the acquisition of the land and the petition to stop it: Essentially, the Borough of Fort Lee is guising the subsidizing …
The Mayor and Council passed a resolution settling a lawsuit and an ordinance financing the acquisition of land at 183 Main St., the current location of Woori Bank, for a park on the West parcel of Redevelopment Area 5.
The Fort Lee Mayor and Council Wednesday passed an ordinance to acquire land at 183 Main St. that will ultimately become a park on the western half of Redevelopment Area 5. A resolution “amicably” settling a lawsuit over the property, which is currently occupied by Woori Bank, also passed unanimously, paving the way for the borough to purchase the land for $2,050,000, of which slightly more than $1.95 million will be financed through bonding. Fort Lee Mayor Mark Sokolich estimated that the property is worth nearly three times what the borough is paying for it and said that having the bank building there “would have a detrimental effect on the entire area.” Sokolich said Tucker Redevelopment Associates, the developer of the West parcel of …