The Bancroft School Redevelopment Plan
The Borough requested its redevelopment counsel, Ed McManimon, to undertake an analysis of the costs and tax impact involved in acquiring the Bancroft Site and developing it for active and passive open space and recreation. Click here to view this memo and analysis, which will be presented at the Commissioner’s meeting on September 27th.  It is not intended as a proposal by the Borough, nor has it been in any way committed to by the Borough’s Commissioners.  The intent is to provide certain assumptions as to costs so that a real evaluation of pursing this option can be considered; and any changes to the assumptions can be considered by analyzing the tax impact of such changes.