Freeholder Wants to See Developer's Proposal on Greystone Before Demolition

Morris County's governing body expected to pass resolution asking state to consider private takeover of historic landmark.

Don’t swing the wrecking ball just yet.

One Morris County Freeholder thinks the state should look at a developer’s proposal to put more than $100 million into the site of the former Greystone Psychiatric Hospital, which is scheduled to be demolished before the end of 2014.

According to nj.com, Freeholder Douglas Cabana said at the Morris County governing body’s most recent meeting that he’s in favor of giving Alma Realty, a Long Island-based company, the opportunity to present its proposal to the county and state.

Alma’s proposal would bring housing and retail space to the 165-acre lot, and eliminate the need for the state to spend $50 million on demolition costs.

“I want a second look at Greystone,” Cabana said during the meeting, according to the report. “I don’t see how delaying the demolition by 90 days can hurt. Let’s give this opportunity to the developer.”

It’s expected the board will vote on a resolution asking the state to review the proposal, the report said.

Find out more here.

Eric Hauge July 14, 2014 at 07:05 PM
Thank you, Mr. Cabana. The math has NEVER made sense for demolition.........
Lothar Jones July 14, 2014 at 11:23 PM
So when did Cabana get elected governor? Greystone is owned by the state and not Morris County. It's time for Cabana to be voted out of office. His freeholder job is going to his head.
John July 15, 2014 at 08:06 AM
I say tear it down. We don't need some relic that will only serve to burden the taxpayers with its future upkeep. Redevelop and move on.
Al Krotoff July 15, 2014 at 09:03 PM
Yeah? Redevelop with what? More houses and stores? Yes, I think we need another Dunkin Donuts, bank, and Verizon Store! And while we're at it, might as well shoe horn in some more condos. Soon it will take an hour to get from Rt.10 or Rt. 24 to Morris Plains at rush hour.


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