The Ridgefield Board of Selectmen has been presented with an update from the Schlumberger Citizens Committee about what they propose for the remaining 30 acres of land purchased by the town in 2012 for $7 million.
15 of the acres were sold to two developers. A 10 acre parcel was sold for $4.3 million for housing, and five acres on Old Quarry Road was sold for $1.5 million.
If no other revenue is raised from the site by selling buildings or acreage, Ridgefield will be left to bond about $1.6 million. First Selectman Rudy Marconi says big picture, that's a small price to pay for control of 45 acres in the center of the community.
He notes that the town is anticipating about $400,000 or $500,000 in a revenue increase as a result of the 54 units Coach Homes being constructed. The age restricted housing off Sunset Lane is being built by Charter Group Partners. The land used to serve as a parking lot for the Schlumberger facility. Marconi says the town is hoping for a development on the five acre parcel that would generate revenue close to that.
