Bancroft update

The Board of Commissioners released the following statement with respect to the Bancroft property on Wednesday, October 13.

The Board of Commissioners has spent several months communicating with Two Hopkins Lane Urban Renewal, LLC (“2HL”), the designated redeveloper of the Bancroft site, in an effort to spur the productive re-use of the Bancroft site.  2HL has recently submitted site plans for the Bancroft site, seeking approvals to construct a proposed redevelopment project consistent with the terms of the redevelopment plan and redevelopment agreement between the Borough and 2HL.  

The filed site plans (the “2HL Plans”), which are on file within the Community Development Office, are nearly identical to those submitted in 2019. The 2HL Plans will be made public on the Borough website once deemed complete in accordance with applicable land use laws, and may also be obtained by residents via request pursuant to the Open Public Records Act (“OPRA”).  Importantly, the 2HL Plans will be subject to multiple public hearings. The 2HL Plans were already under review by the Historic Preservation Commission (“HPC”) back in 2019, when the review process was halted due to litigation. HPC will now convene a sub-committee to re-examine the 2HL Plans this fall. After appearing before HPC and receiving their Certificate of Appropriateness from the Planning Board (“PB”), 2HL will then apply to the PB for site plan and subdivision approvals. The Borough anticipates that the Planning Board will hear the 2HL Plans during the fourth quarter of 2020.

As always, the Board of Commissioners will continue to pursue the productive re-use of the Bancroft site in a manner beneficial to the residents of the Borough, and will provide regular updates to the public moving forward.

The page on the Borough’s website titled “Bancroft Site – Redevelopment Plan” may be accessed HERE.