TRENTON – The Local Finance Board approved an application for $9.2 million for Weehawken as part of its project to acquire a 14-acre water company tract used as a reservoir on the border with Union City. United Water will have a 4-acre easement for an underground water tank, Weehawken Mayor Richard Turner said.
Both Weehawken and Union City would have the goal of keeping the reservoir as is as opposed to seeing it sold and turned into dense housing. Part of the site would be a passive park.
Union City Mayor Brian Stack said there is no other open space like this in the county, and the use of part of it as a park to open it up to the public would be great for the residents of the most densely populated city in America.
The project also has $2 million in funding through the Department of Environmental Protection to help acquire the site, because the total purchase cost is approximately $11 million.
The project is also pursuing an Environmental Infrastructure Trust loan.