Private Equity Solutions

Private Equity Fund Of Funds Hopewell Township voters refused to pay for the controversial Back Timberlane ballfield project but sports advocates have managed to build the first phase of the plan with private funds.

Curve Equity Exposed Fund The Recreation Foundation of Hopewell Valley donated to the district $490,000 in privately raised funds and state grants to pay for Phase I - two all purpose fields and a detention basin..

Equity Income Funds "The fields are built, all we have to do is wait for the grass to grow," said Nick Lorenzetti, superintendent of the Hopewell Valley Regional School District. "We're extremely grateful to the Recreation Foundation. Without their gift we wouldn't have been able to get this project started."

Capital Casebook Equity Lorenzetti said the district hopes to begin using the new fields next fall.

Private Investment In Public "This spring we'll be looking to our athletic director to determine which teams will use the fields," he said. "It could be anything from field hockey to soccer."

Equity Mutual Funds Voters in the school district defeated a referendum in March 2002 that would have provided most of the money for the $2.7 million plan to build nine ballfields on a 2.7-acre tract of land owned by the district.

Birmingham Contact Equity The project drew the ire of a group of nearby neighbors who criticized it as overblown, unjustified and environmentally unsound. They organized the Stop Athletic Field Expansion at Timberlane (SAFE-T) and lobbied vigorously against the referendum, which was defeated 2,624 to 2,099.

Private Equity Investment Firm Disappointed with the election outcome, school officials vowed to drum up private funds to build the fields they say the district desperately needs.

Complying Deal Equity Funds The Recreation Foundation, comprised of leaders from local sports organizations, managed to accumulate the funds for Phase I.

Equity Msn Private Wyoming Cheryl Stone, a member of the Rec Foundation, said the money came from several sources. About $135,000 came from a developer's donation that the township had been holding for the foundation for several years, Stone said. Another $200,000 came from a state grant. The remainder came from fund-raising events and private donations, Stone said.

American Equity Investment "Bring our athletes home; that's been the name of our cause," said Stone, referring to the efforts to stop having to bus students to fields around the district for practice and games. "Our hopes are to continue garnering funds from a variety of sources to finish the project."

Equity Index Funds Stone said she believes the project can be completed for well under the $2.7 million originally estimated.

Equity Private Team Wyoming The group was able to finish Phase I, estimated to cost about $1 million, for less than $500,000.

Equity Group Investment "That alone tells us what we can save through the bidding process," she said.

Capital Development Equity Stone said a recently released recreation report, prepared by a private company, reinforces the need for Back Timberlane.

Article Between Difference The report recommended the township build a sports complex on the Else tract, township-owned land on Route 31.

Contact Equity Private Wyoming Members of SAFE-T agreed that fields should be built on the Else tract, but maintained their position that the Back Timberlane project contained too many fields for a residential area.

Agreement Equity Investment And members were not impressed with the fact that Back Timberlane is being built without tax dollars.

Business Equity Funds "My biggest problem with this so called gift is that we're going to have to pay for it down the road in terms of maintenance," said Fred Babinowich, a SAFE-T member. "The district is going to have to maintain those fields and our tax dollars will pay for that."

Private Equity Fund By Lisa Coryell
Trenton Times - 10/14/2003

Topic: Sprawl

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