Morris Street Redevelopment Plan Adopted
Following up on our blog entry from two weeks ago, the Morristown Council adopted the Morris Street Redevelopment Plan on November 1, 2012.
A full copy of the Redevelopment Plan is available on the town website here.
Next step is for the Town to appoint a redeveloper and then negotiate a redevelopment agreement as approved by the governing body. An article by Morristown Patch editor John Dunphy suggests that one of the property owners within the area – Mountain Center Realty, LLC – will be the designated redeveloper.
As noted earlier, the Redevelopment Plan does authorize the Town to acquire any or all of the private property within the redevelopment area by exercise of eminent domain.
We’ll keep you posted.
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