Haddonfield BOE Cuts $4.3 Million Off Bancroft Purchase
The cut was announced at a special meeting Tuesday.
The Haddonfield school board Tuesday slashed $4.3 million off the $16.8 million purchase and development price for the Bancroft property. The price was reduced by cutting $800,000 for the installation of an artificial turf field for the high-school football stadium and the addition of an anticipated $3.5 million of state, county and municipal grant and open-space money. The high-school turf was taken out of the proposal after a borough citizens group raised $600,000 toward the $1 million cost to resurface the stadium field and an adjacent one. It reduced the cost of the project to $12.5 million, about a third of the original $32.3 million for the public purchase and development of Bancroft rolled out a year ago. Despite the reductions, …
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Jack S
5:45 pm on Thursday, November 29, 2012
MaryAnn, I can't speak to the "stadium complex." Clearly a substantial portion of the property will be developed at taxpayer expense in future phases for turf, school buildings, and/or other construction. Indeed, the initial $16 million in bond and grant funding is just for phase 1. As to the separate $30 million, it was included in a Board report that a local resident disclosed at the meeting … more ›