After a relatively long hiatus, it appears that the Morris Street Redevelopment Plan is on the road towards adoption. As recently reported in the Morristown Patch, the Council introduced an Ordinance to adopt the plan at its October 11, 2012 meeting, and it should be on the Morristown Redevelopment Agency Agenda for November 11, 2012.
As set forth in the Redevelopment Plan: ”The Redevelopment Area is comprised of three large parcels (Block 3701, Lots 10, 11, and 14) that abut the New Jersey Transit right-of-way along with three smaller out parcels that front along Morris Street (Block 3701, Lots 12, 13, 15, and 18 as well as Lot 18 in Block 3702). Although Lots 16, 17 and 19 in Block 3701 were originally studied for inclusion in the Redevelopment Area, the Town Council ultimately decided not to include those parcels in the Redevelopment Area.”
The redevelopment plan also authorizes the Town to exercise the “power of eminent domain to acquire properties for the purpose of redevelopment. It may be necessary for the Town to exercise its power of eminent domain on behalf of a redeveloper or redevelopers. Accordingly, the Town is hereby authorized to acquire any or all of the real property located within the Plan Area and all interest therein by contribution, gift, grant, bequest, purchase, exchange, condemnation, or otherwise, as it may deem necessary or proper for the purpose of implementing this Redevelopment Plan.”
Morristown has completed several successful redevelopment programs including the former Epstein’s property, and appears to be about to start working on a portion of the Speedwell Avenue Redevelopment Plan. We’ve posted on these topics previously.
We’ll keep you posted.