Hoboken, NJ - Monday, February 26th, 2018
Mayor Ravi S. Bhalla has called for a special meeting of the Hoboken City Council on Wednesday, February 28th to consider authorizing the acquisition of the former Union Dry Dock property for the purpose of completing the Hudson River Waterfront Walkway within Hoboken and for public open space and recreation. The meeting will begin with a closed session at 6:30pm in City Council chambers.
The City hired an appraiser which determined that the property has a value of $11,630,000. The Council will consider an ordinance on first reading to authorize the acquisition of the property through a negotiated purchase in the amount not to exceed $11,630,000 or by condemnation if a negotiated purchase can not be effectuated.
“Our community’s decades-long vision for a continuous, public waterfront park is finally within reach,” said Mayor Ravi S. Bhalla. “I thank all of the elected officials and advocates who have put so much time and energy into protecting our waterfront and look forward to completing the transformation of our formerly industrial waterfront into a world-class park system.”