"Our vision is to create a walkable community that is consistent with the sentiments of Hunterdon County and opens a lost part of the river to community use," says company chairman and founder, J. Brian O'Neill. "Our plan is to convert an environmentally impaired industrial eyesore into a complete community, while generating much-needed tax revenue."
The plant was shuttered in the wake of Curtis Paper's bankruptcy, and local officials say the company still owes more than $400,000 in back taxes. O'Neill estimates that the completed project will generate $1.4 million in incremental tax revenues.
The project will need two sets of approval, from Milford Twp. and from adjacent Alexandria Twp., where part of the site lies. The tract will also require some environmental remediation.
The company's proposal also calls for restoring one of the site's existing buildings and converting it into a new Milford borough hall. O'Neill officials are expected to unveil more detailed plans for their project, which will target young professionals and active adults, at an upcoming borough council meeting.
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