The Princeton Council held a closed session Monday night to discuss negotiations to purchase property for the municipality’s public works department. Sources say the town wants to buy the Princeton Packet property on Witherspoon Street and has been looking into the acquisition for the last few months.
According to property tax records, the property at 300 Witherspoon Street is assessed t $1.86 million. The Packet also owns 283-287 Witherspoon Street, which is assessed at $436,900; 294 Witherspoon, which is assessed at $362,100; 290 Witherspoon, which is assessed at $438,800; and 9 Birch Avenue, which is assessed at $250,600.
Earlier this year, after the town began looking at the possibility of moving the public works department to the Princeton Packet property, the Packet buildings were removed from the new Witherspoon Jackson Historic District.
The Packet property is owned by James Kilgore, who made a deal with Philadelphia-based Broad Street Media in April to create a new media company to run the papers.
Kilgore did not respond to an email this afternoon from Planet Princeton inquiring once again about the possible sale of the Packet buildings. In April, he denied that the town was looking at buying the property.
“We are not in any negotiations,” Kilgore said in an April 11 email to Planet Princeton when asked if the town was looking at buying the property. “In any event the Packet buildings are not listed for sale. The Packet operation will still be in the main building through a lease with our new partnership. We have talked to a number of professionals and other entities over the past three or four years as to what to do with excess space to include leasing it out for permitted uses, etc. I have talked to a number of parties then and now about what our options might be with this excess space and where our operation would best be located. So we have talked to a number of people and had individuals, professionals and varies entities who have looked at our facility and this is giving us some ideas as we consider how to best use the campus.”
In March, the Princeton Planning Board held two meetings to discuss contract negotiations. It is unclear whether the negotiations are related to the sale of the Packet property.