Government

Bancroft PILOT Revenue Talks Underscore Increasing Operational Costs of Gov’t, Schools

Even retaining 95 percent of a proposed, 30-year, $18-million PILOT agreement for the redevelopment project, Haddonfield faces $20 million in sunk costs before shovels hit the dirt. Meanwhile, changes to the state funding formula are forcing job cuts in the local school district, making tax increases unavoidable even if PILOT revenues are sent to the schools. Sign in or subscribe to continue reading…

August 15, 2025
Government

Haddonfield Advances Bancroft Redevelopment with Woodmont Properties Amid Two Lawsuit Settlements, Builder’s Remedy Threats

A month after removing the conditional tag from its agreement with Woodmont Properties, Haddonfield commissioners agreed to revisit proposals from all nine bidders for the Bancroft redevelopment project under a judge’s order. They settled on Woodmont again, citing pressure to resolve the borough’s affordable housing deficit, or risk a builder’s remedy lawsuit. 

March 16, 2025