PRINCETON — At their monthly meeting Tuesday, the Princeton Building Commission unanimously voted to approve a $6 million bond issue to fund Phase III of the Princeton Municipal Building renovation project.
On Wednesday, Princeton City Manager Mike Webb said, “This bond issue will help us pay for the Phase III of the renovation of (the old Dean Company building) to accommodate the fire department, police department and recreation department. “
He added that there was a chance that the bond issue could be slightly less at closing time.
“It’s part of an eight-year plan. Right now, Phase II, which involves the relocation of the Public Works Department, is about 90 percent complete. We plan to go ahead and bid out Phase III after the fist of the year when we close,” Webb said.
The current location of the Princeton Police Department, Princeton Fire Department and Recreation Department, he added, would be placed on public auction for sale once the relocation projects are completed.
“The money obtained from the sale of the city property could help us pay for the current city hall project,” he said.
Webb commented, “We’re very excited to have the funding,” adding the city looks forward to getting started soon on Phase III.
When the three parts of this phase are completed, the Princeton Fire Department will have about 16,000 square feet of space; the Princeton Police Department, around 11,000 square feet; and the recreation center will involve about 25,000 square feet of space.
The last phase of the city’s plan is to utilize the land between the city’s new government complex and the Princeton Rescue Squad.
That land will see ball fields, playgrounds, a park area, possibly a family water park activity facility and other options will be considered
Jeff Harvey is a freelance reporter at the Princeton Times. Contact him at firstname.lastname@example.org