Gov. Chris Christie announced plans in late 2011 to remediate and convert Greystone Park in Parsippany, about 165 acres. The park includes a sewage treatment plant, wetlands and the original psychiatric hospital, which closed in 2008.
This plan is moving forward as state officials said last week that they are demolishing the rest of the buildings after receiving six formal expressions of interest from private groups, which are looking to redevelop the decaying Kirkbride Building, according to the Daily Record, adding that the demolition cost for the remaining 60 buildings is $50.7 million.
Bill Quinn, spokesman for the state Treasury Department, told the Daily Record that “funds would come from lease-revenue bonds issued by the New Jersey Healthcare Facilities Financing Authority.”