Redevelopment Financial Agree.
On Tuesday, March 12, 2019, the Commissioners unanimously decided to table the proposed financial agreement with the developer for the Bancroft site. The Commissioners heard the concerns of the Board of Education regarding revenue sharing and residents concerning future tax reductions at Bancroft. The financial agreement as proposed will NOT be advanced. The Commissioners plan to work with the Board of Education and the developer to advance a revised financial plan for taxation at the Bancroft site that addresses these concerns and creates a fair plan for all current and future Haddonfield residents. It is our goal to complete this revision and place it on the agenda for initial public discussion at the Board of Commissioners meeting on April 30, 2019 at 7:30 p.m. in Borough Hall.