The Redeveloper of the Bancroft site, 2 Hopkins Lane Urban Renewal, LLC (the “Redeveloper”), has elected to file suit against the Borough of Haddonfield. This lawsuit comes despite multiple attempts by the Borough to engage in a collaborative process and negotiate in good faith over the last three years.
The Board of Commissioners intends to vigorously defend against the numerous unsupported allegations made by the Redeveloper, and remains committed to complying with its constitutional obligation to provide affordable housing while the litigation progresses.
Pursuant to the Redevelopment Agreement dated February 2019, between the Borough and the Redeveloper, the Redeveloper has the right to construct a 90-unit residential project consisting of 80 owner-occupied, age-targeted market-rate units and an additional 10 units for very low, low, and moderate-income households. Instead of constructing this project, the Redeveloper has chosen to sue the Borough.
