“The Suffern Quarry has drawn additional offers, including a top bid of $5 million, for potential industrial development on the 60 acre site that features a massive hole filled with millions of gallons of water.
Ramapo received two proposals this week from a New Jersey realty company and a developer from Maspeth in Queens, with both offers topping the previous high bid of $3.2 million received among the first three offers this month.
Supervisor Michael Specht said Friday that he’s pleased by the growing interest, but hopes for additional offers. He said there’s no time frame to choose a buyer and Suffern would decide the use of the property.
Any sale would be pure profit for the town, which acquired the property for $1 from Tilcon Quarry in December 2006.
The quarry, originally obtained as part of a money-making and flood mitigation plan, became a must-sell as the town tries to cure a more than $8 million budget deficit. Its major use over the years has been a dangerous swimming hole, leading to multiple arrests for trespassing.
“If these are legitimate proposals, we’re certainly interested and we will look into the proposals,” Specht said. “We need to get more details. I am not familiar with these companies.”
In proposals sent to the town, Delcalzo Realty LLC offered $5 million through Equity Reality of Paramus, while 57-00 Maspeth Ave. LLC offered $3.3 million for the acres overlooking the Suffern downtown business district.”
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