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Covering Hamilton and Robbinsville townships in-depth for The Trentonian. I can be reached at (609) 989-7800 ext. 207 or (609) 468-6962. Email me at or follow me @awisefool.

Friday, June 14, 2013

Robbinsville council approves real estate tax deals, talks suit over trees

Robbinsville Council debated whether it got a rough deal in the two real estate tax deals it passed Thursday night.
Councilman David Boyne, the only member to vote against the two Payment in Lieu of Taxes deals in the Matrix Business Park, said he felt the township had given up too much potential tax revenue in the agreements. The deals will bring in an average of $300,000 over the 20 years of the agreement, about half of the estimated value of the proposed buildings.
“The numbers worked a lot better on the Amazon deal than this deal here,” he said. “The tax revenue we are getting from these properties are too low.”
The Internet commerce giant signed a 20-year PILOT program earlier this year to pay the township $600,000 a year for a million-square-foot warehouse in the Matrix park.
Mayor David Fried disagreed, saying the township needed to keep perspective in evaluating the deals.
“You can’t compare to what you could have somewhere else. You have to compare it to what you’re getting today,” he said.
You can read the full story here.


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