More than 50 acres off Route 9 near the Lakewood border could be bought by the township for $10.3 million to protect it from potential development, the Asbury Park Press reports.
The 56 acres of land are located in Toms River’s northern section, off Route 9, between Riverwood Drive and Cox Cro Road, Township Administrator Paul J. Shives said. It is in the area where council members recently voted to ban real estate soliciting for five years after residents complained that aggressive real estate solicitors were ruining their quality of life.
Real estate buyers in the area near the Lakewood border have often been seeking to buy homes for frum families who are interested in moving into the area.
The Press reports that the Township Committee took the first step toward buying the properties Tuesday night, when council members voted 5 to 0 to introduce an ordinance allocating money for the purchase.
Real estate experts tell Matzav.com that Toms River’s decision is perplexing because the township is facing debt and has, in fact, asked Trenton for $8 million in state aid to cover its municipal budget.