In 2012, the Town purchased 45 acres, located between Old Quarry Road and Sunset Lane, from Schlumberger for $7 million. Now, six years later, it seems timely to review what has happened on the site and consider what remains to be done.
In 2012 the buildings on the site were deteriorating rapidly. There were several failed attempts by the Town to sell some or all of the property to help recover the original $7 million cost. The Town eventually sold two parcels: five acres to a private developer for $1.3 million in 2013, and ten acres to Charter Group Partners for $4.3 million in 2015.