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Latest News in Parsippany-Troy Hills, NJ

School Board Speaks Out Against Parsippany PILOT Approval

The decision to approve the three PILOT projects in the township was passed 4-1, with Justin Musella being the lone vote against it. PARSIPPANY, NJ — The Parsippany-Troy Hills School District has once again made a public statement regarding the town council's recent decision to approve three new PILOT projects in the township.The last three town council sessions have seen a number of disagreements after Mayor James Barberio's and the majority of council members' support of the township's financial arrangements known as ...

The decision to approve the three PILOT projects in the township was passed 4-1, with Justin Musella being the lone vote against it.

PARSIPPANY, NJ — The Parsippany-Troy Hills School District has once again made a public statement regarding the town council's recent decision to approve three new PILOT projects in the township.

The last three town council sessions have seen a number of disagreements after Mayor James Barberio's and the majority of council members' support of the township's financial arrangements known as PILOTs, or Payments In Lieu of Taxes.

In Parsippany, the council was voting on three specific PILOT programs for redevelopment projects at 2 and 3 Campus Drive and 249 Pomeroy Road.

Read More: Parsippany Approves PILOT Projects Despite Public Backlash

Mayor James Barberio and other council members have argued that PILOTs are required to attract developers who can turn the township's oversupply of vacant office buildings into revenue-generating properties.

Find out what's happening in Parsippanywith free, real-time updates from Patch.

Four council members, Michael dePierro, Loretta Gragnani, Frank Neglia, and Paul Carifi, support the mayor's stance on the planned PILOT programs. Justin Musella, the sole council member to vote no, has spoken out against the use of PILOTs in the township.

During the Dec. 5 town council meeting, Barberio criticized the Parsippany-Troy Hills School District School Board for comments made concerning the PILOT projects. The school district previously released a statement expressing their disapproval of PILOTs and asking for members of the public to attend the next council meeting to speak out against the projects.

Barberio stated that several of the comments made by the school board were both "irresponsible and incorrect."

Since then, the local school board has released a second statement.

Once again, the statement is asking for members of the public to attend the next council meeting, planned for Dec. 19, and speak out against the projects.

"It is imperative that all those interested in the well-being of our school district also attend the Town Planning Board meetings as there are more PILOT agreements in development," the school board said.

According to the district, the impact of residential construction has historically brought more students than the developer projected. Modera, Watersedge, and Mountain Way are 200-unit, 30-unit, and 105-unit projects, respectively, and these three developments alone bring in at least 56 kids to the district.

A key aspect of PILOTs is that, unlike traditional property taxes, which are split between the town, school system and county, in a PILOT, the city or town keeps nearly all the money, typically called an Annual Service Charge (ASC).

"Because state laws do not require that the local school districts receive a direct portion of the PILOT, local officials should take the opportunity during the negotiating process to ensure that if the new property directly affects the school district, accommodations should be made to include the school district with compensation or appropriate credit," an article by Robbi Acampora on the New Jersey School Boards Association website said.

"Without additional taxes from improvements, a share of the ASCs, or other types of direct or indirect financial contributions from the developer or town council, tough decisions will need to be made to address the expected increase in the number of students that our schools will be asked to accommodate," the school board said.

Here is a list of potentially affected areas, according to the district:

"The School Board considered and sought legal advice regarding its options to pause or reverse the implementation of the recently approved PILOT programs. However, in consideration of the statutory authority allowing the Township to enter these agreements, it is highly improbable that such litigation would be successful with respect to the current PILOT agreements," the board's statement said.

Rather than pursue what would inevitably be "futile legal intervention," the board said that they have decided to save funds to retain programming and education.

The board said that they will continue to attempt to partner with township officials in order to:

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More from Parsippany

10 most expensive homes sold in the Parsippany-Troy Hills area, Nov. 27 - Dec. 3

A house in Parsippany that sold for $789,900 tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.In total, 17 residential real estate sales were recorded in the area during the past week, with an average price of $532,876, $297 per square foot.The prices in the list below concern real estate sales where the title was recorded during the week of Nov. 27 even if the property may have been sold earlier.10. $525K, detached house at 116 Hillside TerraceThe ...

A house in Parsippany that sold for $789,900 tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.

In total, 17 residential real estate sales were recorded in the area during the past week, with an average price of $532,876, $297 per square foot.

The prices in the list below concern real estate sales where the title was recorded during the week of Nov. 27 even if the property may have been sold earlier.

10. $525K, detached house at 116 Hillside Terrace

The sale of the single-family house at 116 Hillside Terrace, Parsippany, has been finalized. The price was $525,000, and the house changed hands in November. The house was built in 1956 and has a living area of 1,150 square feet. The price per square foot was $457. The deal was finalized on Nov. 15.

9. $525K, single-family house at 46 Norman Ave.

A sale has been finalized for the detached house at 46 Norman Ave. in Lake Hiawatha. The price was $525,000 and the new owners took over the house in November. The house was built in 1965 and the living area totals 1,905 square feet. The price per square foot ended up at $276. The deal was finalized on Nov. 21.

8. $560K, single-family home at 167 Springhill Drive

The property at 167 Springhill Drive in Morris Plains has new owners. The price was $560,000. The house was built in 2003 and has a living area of 1,892 square feet. The price per square foot is $296. The deal was finalized on Nov. 22.

7. $580K, single-family residence at 13 Gordon Circle

The property at 13 Gordon Circle in Parsippany has new owners. The price was $580,000. The house was built in 1999 and has a living area of 1,719 square feet. The price per square foot is $337. The deal was finalized on Nov. 21.

6. $625K, single-family house at 11 Grove Ave.

The 1,773 square-foot detached house at 11 Grove Ave., Morris Plains, has been sold. The transfer of ownership was settled in November and the total purchase price was $625,000, $353 per square foot. The house was built in 1948. The deal was finalized on Nov. 22.

5. $667K, single-family residence at 20 Stafford Terrace

The 4,126 square-foot single-family house at 20 Stafford Terrace in Parsippany has been sold. The transfer of ownership was settled in November and the total purchase price was $667,000, $162 per square foot. The house was built in 1971. The deal was finalized on Nov. 16.

4. $670K, single-family home at 104 Fairchild Ave.

The sale of the single family residence at 104 Fairchild Ave. in Morris Plains has been finalized. The price was $670,000, and the new owners took over the house in November. The house was built in 1926 and has a living area of 1,436 square feet. The price per square foot was $467. The deal was finalized on Nov. 21.

3. $690K, detached house at 36 Schindler Court

The 2,870 square-foot single-family residence at 36 Schindler Court, Parsippany, has been sold. The transfer of ownership was settled in November and the total purchase price was $690,000, $240 per square foot. The house was built in 2004. The deal was finalized on Nov. 17.

2. $727K, single-family home at 24 Maplewood Drive

The property at 24 Maplewood Drive in Parsippany has new owners. The price was $727,000. The house was built in 1965 and has a living area of 2,112 square feet. The price per square foot is $344. The deal was finalized on Nov. 20.

1. $790K, detached house at 340 Edwards Road

The 2,468 square-foot single-family home at 340 Edwards Road in Parsippany has been sold. The transfer of ownership was settled in November and the total purchase price was $789,900, $320 per square foot. The house was built in 1964. The deal was finalized on Nov. 15.

Real Estate Newswire is a service provided by United Robots, which uses machine learning to generate analysis of data from Propmix, an aggregator of national real-estate data.

10 most expensive homes sold in the Parsippany-Troy Hills area, Aug. 7-13

A house in Parsippany that sold for $750,000 tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.In total, 11 residential real estate sales were recorded in the area during the past week, with an average price of $533,924. The average price per square foot ended up at $317.The prices in the list below concern real estate sales where the title was recorded during the week of Aug. 7 even if the property may have been sold earlier.10. $290,000, single-family home...

A house in Parsippany that sold for $750,000 tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.

In total, 11 residential real estate sales were recorded in the area during the past week, with an average price of $533,924. The average price per square foot ended up at $317.

The prices in the list below concern real estate sales where the title was recorded during the week of Aug. 7 even if the property may have been sold earlier.

10. $290,000, single-family home at 112 Lake Shore Drive

The sale of the single family residence at 112 Lake Shore Drive in Lake Hiawatha has been finalized. The price was $290,000, and the new owners took over the house in August. The house was built in 1946 and has a living area of 1,067 square feet. The price per square foot was $272. The deal was finalized on Aug. 1.

9. $351,067, single-family residence at 438 Old Dover Road

The 1,736 square-foot single-family house at 438 Old Dover Road in Morris Plains has been sold. The transfer of ownership was settled in July and the total purchase price was $351,067, $202 per square foot. The house was built in 1880. The deal was finalized on Jul. 28.

8. $480,000, single-family house at 55 Stiles Ave.

The sale of the single-family home at 55 Stiles Ave., Morris Plains, has been finalized. The price was $480,000, and the new owners took over the house in July. The house was built in 1940 and has a living area of 2,176 square feet. The price per square foot was $221. The deal was finalized on Jul. 27.

7. $491,000, detached house at 87 Longview Ave.

The property at 87 Longview Ave. in Lake Hiawatha has new owners. The price was $491,000. The house was built in 1955 and has a living area of 1,305 square feet. The price per square foot is $376. The deal was finalized on Jul. 28.

6. $535,100, detached house at 29 Brookstone Circle

The 1,628 square-foot single-family house at 29 Brookstone Circle, Morris Plains, has been sold. The transfer of ownership was settled in July and the total purchase price was $535,100, $329 per square foot. The house was built in 1986. The deal was finalized on Jul. 27.

5. $643,000, single-family house at 95 Hawkins Ave.

A sale has been finalized for the detached house at 95 Hawkins Ave. in Parsippany. The price was $643,000 and the new owners took over the house in July. The house was built in 1995 and the living area totals 1,944 square feet. The price per square foot ended up at $331. The deal was finalized on Jul. 27.

4. $660,000, single-family home at 28 Ute Ave.

The property at 28 Ute Ave. in Lake Hiawatha has new owners. The price was $660,000. The house was built in 1930 and has a living area of 636 square feet. The price per square foot is $1,038. The deal was finalized on Jul. 31.

3. $680,000, single-family residence at 8 Morgan Road

The sale of the single-family residence at 8 Morgan Road, Parsippany, has been finalized. The price was $680,000, and the house changed hands in July. The house was built in 1967 and has a living area of 2,052 square feet. The price per square foot was $331. The deal was finalized on Jul. 31.

2. $738,000, single-family residence at 94 Brooklawn Drive

The property at 94 Brooklawn Drive in Morris Plains has new owners. The price was $738,000. The house was built in 1964 and has a living area of 2,562 square feet. The price per square foot is $288. The deal was finalized on Jul. 28.

1. $750,000, single-family home at 24 Normandy Drive

The sale of the single family residence at 24 Normandy Drive in Parsippany has been finalized. The price was $750,000, and the new owners took over the house in July. The house was built in 1965 and has a living area of 2,350 square feet. The price per square foot was $319. The deal was finalized on Jul. 27.

Real Estate Newswire is a service provided by United Robots, which uses machine learning to generate analysis of data from Propmix, an aggregator of national real-estate data.

10 most expensive homes sold in the Parsippany-Troy Hills area, Sept. 11-17

A house in Morris Plains that sold for $1.1 million tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.In total, 14 residential real estate sales were recorded in the area during the past week, with an average price of $576,379. The average price per square foot was $293.The prices in the list below concern real estate sales where the title was recorded during the week of Sep. 11 even if the property may have been sold earlier.10. $435,000, single-family home...

A house in Morris Plains that sold for $1.1 million tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.

In total, 14 residential real estate sales were recorded in the area during the past week, with an average price of $576,379. The average price per square foot was $293.

The prices in the list below concern real estate sales where the title was recorded during the week of Sep. 11 even if the property may have been sold earlier.

10. $435,000, single-family home at 37 Alexander Ave.

The sale of the single-family home at 37 Alexander Ave., Parsippany, has been finalized. The price was $435,000, and the house changed hands in September. The house was built in 1954 and has a living area of 982 square feet. The price per square foot was $443. The deal was finalized on Sep. 1.

9. $521,501, single-family residence at 359 Summerhill Drive

The 1,960 square-foot detached house at 359 Summerhill Drive, Morris Plains, has been sold. The transfer of ownership was settled in September and the total purchase price was $521,501, $266 per square foot. The house was built in 2004. The deal was finalized on Sep. 1.

8. $535,000, single-family house at 206 Fieldcrest Road

The property at 206 Fieldcrest Road in Parsippany has new owners. The price was $535,000. The house was built in 1968 and has a living area of 2,164 square feet. The price per square foot is $247. The deal was finalized on Aug. 29.

7. $535,000, detached house at 20 Parkside Drive

The sale of the single family residence at 20 Parkside Drive in Parsippany has been finalized. The price was $535,000, and the new owners took over the house in August. The house was built in 1965 and has a living area of 1,872 square feet. The price per square foot was $286. The deal was finalized on Aug. 31.

6. $600,000, single-family home at 30 Sylvan Drive

A sale has been finalized for the single-family house at 30 Sylvan Drive in Morris Plains. The price was $600,000 and the new owners took over the house in August. The house was built in 1948 and the living area totals 1,540 square feet. The price per square foot ended up at $390. The deal was finalized on Aug. 30.

5. $622,500, single-family house at 100 Richard Street

The property at 100 Richard Street in Parsippany has new owners. The price was $622,500. The house was built in 1960 and has a living area of 1,788 square feet. The price per square foot is $348. The deal was finalized on Aug. 30.

4. $699,000, detached house at 19 McNeile Drive

The 2,350 square-foot single-family residence at 19 McNeile Drive in Parsippany has been sold. The transfer of ownership was settled in September and the total purchase price was $699,000, $297 per square foot. The house was built in 1969. The deal was finalized on Sep. 1.

3. $776,000, single-family residence at 7 Castaby Way

The sale of the single family residence at 7 Castaby Way in Mount Tabor has been finalized. The price was $776,000, and the new owners took over the house in August. The house was built in 1988 and has a living area of 2,892 square feet. The price per square foot was $268. The deal was finalized on Aug. 30.

2. $795,200, single-family home at 69 Brooklawn Drive

The sale of the single-family residence at 69 Brooklawn Drive, Morris Plains, has been finalized. The price was $795,200, and the new owners took over the house in September. The house was built in 1968 and has a living area of 2,643 square feet. The price per square foot was $301. The deal was finalized on Sep. 5.

1. $1.1 million, single-family residence at 2 Eventide Court

The 4,402 square-foot single-family home at 2 Eventide Court in Morris Plains has been sold. The transfer of ownership was settled in September and the total purchase price was $1,111,111, $252 per square foot. The house was built in 2001. The deal was finalized on Sep. 5.

Real Estate Newswire is a service provided by United Robots, which uses machine learning to generate analysis of data from Propmix, an aggregator of national real-estate data.

Seven most expensive homes sold in the Parsippany-Troy Hills area, Oct. 23-29

A house in Lake Hiawatha that sold for $699,900 tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.In total, seven residential real estate sales were recorded in the area during the past week, with an average price of $434,111. The average price per square foot was $354.The prices in the list below concern real estate sales where the title was recorded during the week of Oct. 23 even if the property may have been sold earlier.7. $225K, single-family home at 7...

A house in Lake Hiawatha that sold for $699,900 tops the list of the most expensive residential real estate sales in Parsippany-Troy Hills area in the past week.

In total, seven residential real estate sales were recorded in the area during the past week, with an average price of $434,111. The average price per square foot was $354.

The prices in the list below concern real estate sales where the title was recorded during the week of Oct. 23 even if the property may have been sold earlier.

7. $225K, single-family home at 77 Hiawatha Blvd.

The property at 77 Hiawatha Blvd. in Lake Hiawatha has new owners. The price was $225,000. The house was built in 1935 and has a living area of 562 square feet. The price per square foot is $400. The deal was finalized on Oct. 17.

6. $355K, condominium at 13B Foxwood Drive

The sale of the condominium at 13B Foxwood Drive in Morris Plains has been finalized. The price was $355,000, and the new owners took over the condominium in October. The condominium was built in 1980 and has a living area of 1,152 square feet. The price per square foot was $308. The deal was finalized on Oct. 16.

5. $359K, detached house at 2 Oswego Ave.

A sale has been finalized for the single-family house at 2 Oswego Ave. in Lake Hiawatha. The price was $358,880 and the new owners took over the house in October. The house was built in 1952 and the living area totals 1,056 square feet. The price per square foot ended up at $340. The deal was finalized on Oct. 18.

4. $380K, single-family residence at 32 Roosevelt Ave.

The 863 square-foot detached house at 32 Roosevelt Ave. in Lake Hiawatha has been sold. The transfer of ownership was settled in October and the total purchase price was $380,000, $440 per square foot. The house was built in 1939. The deal was finalized on Oct. 18.

3. $505K, single-family house at 159 Reynolds Ave.

The property at 159 Reynolds Ave. in Parsippany has new owners. The price was $505,000. The house was built in 1947 and has a living area of 1,344 square feet. The price per square foot is $376. The deal was finalized on Oct. 17.

2. $515K, single-family house at 23 Tremley Court

The sale of the single-family residence at 23 Tremley Court, Parsippany, has been finalized. The price was $515,000, and the new owners took over the house in October. The house was built in 1965 and has a living area of 1,441 square feet. The price per square foot was $357. The deal was finalized on Oct. 16.

1. $700K, single-family home at 8 New England Drive

The 2,162 square-foot single-family home at 8 New England Drive, Lake Hiawatha, has been sold. The transfer of ownership was settled in October and the total purchase price was $699,900, $324 per square foot. The house was built in 1970. The deal was finalized on Oct. 16.

Real Estate Newswire is a service provided by United Robots, which uses machine learning to generate analysis of data from Propmix, an aggregator of national real-estate data.

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