Finance Committee Recommends Postponing Forbes Hill Purchase

NORWOOD, MA — The selectmen may be supportive of buying the Forbes Hill property, but the finance committee does not share that enthusiasm.

On Nov. 24, the committee voted for indefinite postponement of Article 2 on the Special Town Meeting warrant. Committee member Bob Donnelly said to vote would not be financially responsible, according to the Norwood Record.

As part of the Forbes Hill deal, the project's size has decreased from 300 units to 260. The unused land, about nine acres, will become town property and will remain undeveloped for 10 years. After that, the town will have the option to do something else with the property. In addition, Special Town Meeting will have the option to buy the entire site for $13 million.

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