Monday, October 3, 2016

Hoboken announces agreement of six acre purchase with BASF

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Monday October 3, 2016

City of Hoboken

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Community: Hoboken Reaches Agreement With BASF to Purchase 6 Acre Property for Hoboken's Largest Park

Dear Horsey & MSV readers,

The City of Hoboken has reached an agreement with BASF to purchase their 6.1 acre property in northwest Hoboken for $30 million which will be presented to the Council for approval. The City intends to use the property to create a 5.4 acre “resiliency park” along with an above-ground parking garage on a smaller adjacent lot.

The new park, to be designed with at least 1 million gallons of underground stormwater detention to help alleviate local flooding, would be the largest park in Hoboken. Currently, Hoboken’s largest park is Pier A with an area of 4.8 acres.

“This project is the latest example of my commitment to providing quality park space for every neighborhood,” said Mayor Dawn Zimmer. “While in the last 20 years, almost all of Hoboken’s major new parks have been built along our waterfront, the western side of our city still has very little open space. Along with the southwest park under construction and the new park at 7th and Jackson to be built soon, I am extremely pleased that we are on track to create three new major resiliency parks in western Hoboken that will also help to alleviate flooding.”

As part of securing a low-interest loan from the State, the City will hold a public hearing on Thursday, October 6, 2016 from 6:00pm to 8:00pm at the Multi Service Center (124 Grand Street) to hear the community’s input on the land acquisition. Residents are invited to attend and provide their input on the purchase of the land for a resiliency park.

On Wednesday, October 5th, the City Council will consider three ordinances related to the purchase of the property. One ordinance would authorize the mayor to sign the agreement that the administration has negotiated with BASF and has presented to the Council for the acquisition of the property and a down payment of $3 million. Two other bond ordinances for $19.5 million and $2.65 million to supplement a prior bond ordinance would be used to acquire the property for the park and parking garage, respectively.

A design has not yet been determined for the park. A full community-based public planning process will take place to develop plans for the park once the property has been acquired. The intent is to design a park with a mix of active and passive recreational space with green infrastructure and an underground detention system to hold at least 1 million gallons of stormwater to help reduce localized flooding. The City is also partnering with North Hudson Sewerage Authority to separate the sewer system in the area around the park and to channel stormwater runoff to the new underground detention system and out to the Hudson River.