City to offer $9.7M for park land
“The city of Hoboken will offer chemical giant BASF Corporation $9.7 million for three empty lots it hopes to eventually turn into a signature park for northwest Hoboken that would also be a cornerstone of the legacy of Mayor Dawn Zimmer. The offer letter, along with the city-ordered appraisal report upon which it is based, was approved by the City Council this past Wednesday.
Depending to the outcome of future negotiations with BASF, this official offer is the next crucial step towards either an amicable purchase or an eminent domain condemnation of the three parcels totaling 6.1 acres between Madison and Adams streets in Hoboken’s Western Edge.
Read more: Hudson Reporter – City to offer “
Davis, Carlo. Hudson Reporter 23 November 2014.