Of course, the greatest proportion of the overall assessed value of the entire 1,000 acre tract is within the walls of the high end office facility -- (the million square feet of luxury Class A executive office suites) -- so Readington will still sorely need a buyer for that Cushman & Wakefield listed behemoth. But it is moderately good news, for the locals -- and the tax base -- that Merck will retain some substantial acreage there. Do go read the entire Hunterdon County Democrat item -- but here is a bit:
. . . .There has been no talk of a tax abatement for Merck or a buyer, said Allen. She pointed out that Merck plans to sell about 450 of its 1,000 acres, retaining its smaller "west office building" and the remaining acreage.
"They will maintain a presence in Readington," she said.
The entire Merck parcel is assessed at about $250 million, [Mayor] Allen said, and the township at this point doesn't anticipate a reduction in that value, if it ever happens, for at least four-to-five years. . . .
We will keep you informed, but thus far, there are apparently no qualified bidders on the HQ itself.
Now, O/T: my advice, for the coming Artic plunges (out east, and throughout the middle of the nation)? Light a fire, make some hot fresh baked goods & strong coffee, spray your shovel with PAM® (seriously!), take your time out there shovelling (wear layers, and a rakish Samuel L. Jackson cap!). . . but mostly, stay indoors (under down comforters if need be, with a good e-book!) -- that's what most of the nation ought to do between now, and late Tuesday night. Watch "The Day After Tomorrow," -- on RedBox® or Netflix®, too! Silly story, but great visual effects. . .
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