Thank you for sharing!

Your article was successfully shared with the contacts you provided.

GREENBURGH, NY-Westchester County Executive Andrew Spano revealed that it is among a group of entities that will acquire approximately 45 acres here from Ginsburg Development Corp., of Hawthorne so that it can be preserved as open space. The $2.5 million land acquisition deal will ensure that the property will be used for open space, according to Westchester County Executive Andrew Spano, who formally asked the Westchester County Board of Legislators to approve the proposal on Tuesday, June 26.

The plan calls for the county and town to purchase a 26.4-acre property known as Glenville Woods and for the Open Space Conservancy to acquire an adjoining 18.3 acres and lease the property to the town. The town will operate and maintain both parcels of land, for public park use, open to all county residents, Westchester County officials relate. As part of the arrangement, the town of Greenburgh has agreed to take over the repair, maintenance and operation of county roads within its boundaries, except for Ardsley Road and to work with the county to create more affordable housing within its boundaries.

County Executive Spano says concerning the deal, “Purchasing these lands adjacent to the Tarrytown Lakes will not only enhance county parkland in central Westchester, but it will expand and protect the very important greenbelt along the Saw Mill River Parkway. This will make for a beautiful walk in the woods, with the property’s majestic vistas and forests with magnificent trees.”

He adds, “We are very pleased to be working with the town of Greenburgh on this initiative and we are grateful to the Trust for Public Land for putting the pieces together in a way that will benefit all the residents of Westchester County.” The Trust for Public Land, a nationally known not-for-profit organization, worked with the county, town and Ginsburg Development to put the deal together.

Under the agreement, Ginsburg Development Corporation will receive a total of $2.5 million for the two parcels. It also will still retain 20.3 acres in the area that could be used for a residential development. To pay for the 26.4-acre parcel, New York State will provide a $400,000 grant to the town, the town will contribute $867,000, and the county $400,000. Westchester County will share ownership of the property with the town of Greenburgh. The Open Space Conservancy will pay $833,000 to Ginsburg for the adjoining 18.3-acre property.

County Legislator Lois Bronz who represents part of Greenburgh. comments, “The acquisition of Glenville Woods is another significant step in the county’s commitment to an open space policy. We are again demonstrating the wisdom of the partnership between the county, the municipality and the state to make possible this park land acquisition.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.