Union County, NJ – The Union County Board of Chosen Freeholders last night approved two measures for completing the sale of Runnells Specialized Hospital to Center Management Group, LLC of Flushing, NY for $26 million. The measures passed 8-0.
The sale is expected to save the County $50 million over the next five years. In addition, the property will return to the tax rolls, generating an estimated $500,000 in new property taxes per year to Berkeley Heights and Union County.
More information: http://ucnj.org/news/county-of-union-approves-final-sale-of-runnells-hospital/
