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Madison to apply for $7.74M Green Acres grant to pay down turf debt and pursue Drew Forest acquisition
Borough of Madison Council · December 9, 2024
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Summary
Council was asked to support a Green Acres grant application of $7,741,767.85 that would pay down the Madison Recreational Center (MRC) debt, aid the Drew Forest acquisition and purchase three additional acres from Drew University.
Borough staff requested council support for a Green Acres Planning Incentive grant application of $7,741,767.85 to the New Jersey Department of Environmental Protection’s Green Acres program.
According to the presentation, the funding would be used for three purposes: (1) to pay down remaining debt service on the Madison Recreational…
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