Open space to be preserved in West Pikeland
"In our community there's not a lot of land that is suitable for active recreational uses," Township Manager Vince Visoskas said. "That was the primary reason we're preserving it."
In total, the board Monday approved a $10 million bond including $770,000 to refinance an existing infrastructure loan, Visoskas said. The approximately $3 million left after transactional costs will be spent on road and bridge repairs.
The property the township is purchasing has been owned by the White family for decades and is near the intersection of Routes 104 and 401, stretching north to about the Anselma mill. Visoskas said the Cutler Group of Plymouth Meeting had filed a preliminary plan to put a 59-home development on the land. Instead it will be sold to the township. Visoskas said the sale should be final by the end of the year.
Visoskas said he expected the land to be developed for recreational purposes but when will depend on whether the township receives a state grant that would refund half of the purchase price, or about $2.5 million. - Tricia L. Nadolny