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

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.

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