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Show Us The Money, Monks Tell 'Buyers'

Make Money Online The day after the Delbarton School monks won a major victory in their fight to build a $40 million retirement community, environmentalists said they can still find the money to buy the land and stop the project.

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Internet Business Opportunity "The money has always been there," said Julia Somers, executive director of the Great Swamp Watershed Association. "It would be a partnership with money from the federal government, state government and private groups."

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Free Money But the Benedictine monks say they do not believe anyone can pool enough money to make a valid offer.

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Work At Home Business "I don't think it's practical or probable that they are going to come up with a market value offer. They have not been able to do so in the four years I have been involved in this," said the Rev. Elias Lorenzo, who is overseeing the retirement community project.

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Free Online Affiliate Program Lorenzo contends the property on the Delbarton School campus is worth $37 million to $38 million, maybe more, based on what the land would be worth if homes were built there for $1 million each.

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Auction Coin Money Paper "We said we'd consider it if the offer was market value, and we still would consider it," he said.

Franchise Business Opportunity The Morris Township Committee voted 4-1 on Wednesday to grant the monks a zoning change needed to build the retirement village. Committee members said they do not believe saving the land is a real option and that of the two options -- the retirement village or a housing development -- the retirement village was preferable.

Best Free Online Affiliate The land had been zoned for homes on three-acre lots and the monks had said they would pursue a 38-home development on 161 acres if the retirement village was rejected.

Blogging Money Thebillivard The zoning change permits the construction of 200 apartment-style units, 40 one-story cottages and space for 48 nursing home beds and 24 assisted-living units on 41 acres. The monks also promise to permanently protect 100 acres.

Best Home Based Business The monks say they need to build the retirement community to ensure the financial future of their 50-member order.

Affiliate Marketing Program When the monks unveiled their plans in January 2000, the National Park Service said it wanted to buy and preserve up to 180 acres of the monks' land but was not allowed access to the property to make an appraisal. The head of the state's Green Acres program said a combination of state and federal agencies would pay "in the low millions" to keep the land as open space.

Money Site Thebillivard Com The land is adjacent to Jockey Hollow national parkland, the site of three Revolutionary War winter encampments.

Online Business Opportunity More groups and township officials also were interested in preserving the land. But "with all the talk we've had with various people saying they would like to put together a conservation purchase, they have not shown us the money, so to speak," said Committeeman Richard Watson, who voted for the zoning change.

Pay Per Click Affiliate But to make a real offer, the groups would have to conduct an appraisal, Somers said.

Cnn Money Environmentalists, historic preservationists and others opposed to the project warned the committee that the decision could pave the way for sprawl, and two groups promise to file lawsuits to derail the project.

Business Opportunity Lead They said the project will ruin the character of Jockey Hollow and affect water, air quality and traffic in the Washington Valley section, where environmentalists have been fighting major development since the 1950s.

Affiliate Program Directory The monks still need site-plan approval from the township planning board and state and local approvals to run a sewer line to the township's Butterworth sewage treatment plant. The monks and their advisers will meet with state officials Monday to discuss the sewer plan.

Making Money Program By Bill Swayze
Star-Ledger - 9/6/2002

Topic: Highlands

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