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Franklin Lakes : “the best deal possible”

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the staff of the Ridgewood blog

Franklin Lakes NJ,  the Borough Council of Franklin Lakes  approved two settlement agreements for the development of the 89-acre Cigna/IBM/Express Scripts property by a 4-2 vote at a special meeting Thursday.

Fourteen speakers in all from an audience of 150 spent over two hours objecting to the agreement terms with developer S. Hekemian Group trading at SHG LLC, asking for a delay until more specifics are known and better terms negotiated.

Franklin Lakes Borough Attorney William Smith advised the agreement has been in discussions for two years, and that it was “the best deal possible.”

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3 thoughts on “Franklin Lakes : “the best deal possible”

  1. It’s a shame that our country small towns are getting destroyed by these developers. We do not want apartments in our towns… it’s ridiculous!!! Please stop this!!!

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    1. Elections have consequences.
      NJ elects Democrats who appoint supreme court judges
      NJ Supreme court made the ‘mt laurel’ ruling FORCING towns to have low income housing, and developers take advantage of this to force the town to make a deal, that could be a lot worse if they didnt.
      Again… this is the LIBERAL NJ state supreme court Mt Laurel rule that causes this problem

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  2. Assemblywoman Michele Matsikoudis recently introduced ACR173, [a bill](https://pub.njleg.state.nj.us/Bills/2022/ACR/173_I1.PDF) (see https://pub.njleg.state.nj.us/Bills/2022/ACR/173_I1.PDF ) which proposes a constitutional amendment providing that only the State Legislature may determine affordable housing obligations, rather than unelected judges. I would encourage all who want to restore self-rule and democracy write their State assembly and local town officials to support this bill.

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