07 / 16 / 2020
  - 02:33:40 PM
Town Of Hopedale and Rail Company Agree On Sale Of Land
  

By MyFM's Rick Michaels - A purchase and sale agreement has been agreed to, between the New Hopping Brook Realty Trust, also known as the Grafton and Upton Railroad Company, for the acquisition of two parcels of land on West 
Street in Hopedale. The Chairman of the Board of Selectmen Brian Keyes says this avoids an eminent domain process that was underway, as the railroad company felt the 155 acres of land was critical and essential for the conducting of rail operations and was unable to agree on a price. Keyes says the NET purchase price to the seller, is just short of $1.2 million, and given the collaborative working relationship of the railroad and the town of Hopedale in executing the sale the proposal will protect the potential future municipal well locations for the town’s water supply resulting in the town saving $1.2 million, providing additional tax revenue and it expands the town’s parklands, to the Upton/Milford town line. The latter would be made possible with a proposed land swap of dozens of acres, to be included, in what the Board of Selectmen will now be working on, the negotiation of a Memorandum of Agreement, that eventually will be put before voters on a warrant for Town Meeting.

 

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