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Milford Buying Open Space

creekMilford Township has bought a prime piece of open space along Allentown Road, between Route 663 and Milford Middle School, that it has been trying to get for a few years. It’s near other preserved land and it contains a stream and other environmentally sensitive features.  The township bought it at auction, agreeing to pay $750,000, or about $10,000 per acre, for the 80-acre farm.  That’s about $100,000 below the appraised price.  It’s paying for the property out of the $5 million open space bond issue the voters approved three years ago.  After this purchase goes through the fund will still contain more than a million dollars.  The township is buying the land from Gambone Brothers, a commercial and residential developer.
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