Seeks to set record straight on Golden Triangle
East Brunswick did not lose $12.5 million; East Brunswick made $22 million in property-tax relief. The average homeowner in town saved nearly $1,000 in property taxes over that period of time.
The Golden Triangle sale and Heavenly Farms purchase had nothing — read zero — to do with each other. I don’t even comprehend the convoluted rhetoric that put them together in the same sentence. And by the way, the potential for housing on Heavenly Farms was more than that proposed for the Golden Triangle.
From day one, Toll Brothers was not responsible for paying for the parking deck. The deck was always being paid for by the Parking Utility, which is why it will not cost one nickel of property taxes. Toll Brothers did purchase the four acres of property it cannot use because of the deck, and the Parking Utility pays $100 per year in rent.
And finally, the “secret reasons” for the requested changes are that there has been a bursting of the national housing bubble, and the New Jersey office market has a huge vacancy rate. And now that I’ve given away the “secrets,” maybe we can understand why a developer, investing hundreds of millions in East Brunswick, would like to make it successful for everyone involved.
Bill Neary Former Mayor East Brunswick












