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Cape May Resolves Decades of Lawsuits With a $19 Million Land Settlement

After decades of lawsuits, negotiations and false starts, the state has purchased a 96-acre swath of undeveloped land near Coast Guard Training Center Cape May for $19 million.

That’s according to Concerned Citizens for Sewell Tract Preservation, a nonprofit that formed about seven years ago and got involved as a plaintiff intervenor in the long-running litigation over the future of the site. Late Tuesday, the group announced that the owners of the property, East Cape May Associates, and the New Jersey Department of Environmental Protection had completed a settlement on the city’s largest undeveloped parcel.

Jacob Perskie, an attorney representing East Cape May Associates, declined to comment. He said he did not have authorization from his clients to discuss the matter.

Read the source article at Press of Atlantic City

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