PARSIPPANY — The Township of Parsippany-Troy Hills has announced that it has successfully acquired a 5.4-acre property on Knoll Road, the Kosut tract. This significant purchase, completed on June 12th, marks the final property acquisition needed to secure the project area, surrounded by over 11 acres of existing Township open space. The Township plans to implement conservation activities and establish a new passive Township park on the site, further enhancing the community’s green spaces.
The acquisition, valued at $1.9 million, was made possible through the generous support of various funding sources. A New Jersey Department of Environmental Protection Green Acres matching grant and two grants from the Morris County Municipal and Charitable Conservancy Trust Fund contributed a combined total of $1,450,000. The Township’s Open Space funds covered the remaining balance, showcasing a strong local commitment to land preservation and community improvement.
The Kosut tract is located on Knoll Road across from the Boonton Reservoir (the Jersey City Reservoir). The property surrounding the Kosut Tract is already owned by the Township and makes up the 11.1-acre Fieldfair Property. The Kosut Tract is the final parcel of land required to complete the Fieldfair Property. The acquisition of the Kosut Tract has been a long-time goal of the Township.
