Trenton is selling two empty parcels of land to recycling and waste management company TerraCycle to redevelop, the two announced in a joint Aug. 30 statement.
The two pieces of land are being sold for a combined $2,000, despite their much higher assessed value of $10,800, according to a report by The Trentonian. Both lots are adjacent to TerraCycle’s existing Trenton headquarters, and city officials and company executives both hope the tracts could be turned into something that would be of benefit to the local neighborhood.
“This is one of many ways Trenton is working with its business community to help return underutilized properties to the tax rolls and promote further employment and economic activity,” reads a statement from Reed Gusciora, the city’s mayor and former state Assemblyman.
The site and TerraCycle headquarters already play host to a number of public murals to that end.
“We’ve been proud to call Trenton our home for almost two decades and by working with the city and Mayor Gusciora, we look forward to continuing to do so for decades to come,” TerraCycle founder and Chief Executive Officer Tom Szaky added in his statement.
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