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Monday - Friday: 8:30 AM - 4:30 PM

Tax Collector's Office: Open until 6:30 PM on Mondays
Tax Assessor's Office: 5:00 PM - 7:00 PM on Mondays

Borough signs Redevelopment Agreement for old bank!

REDEVELOPMENT COMING TO PALMYRA!

On Monday night the Borough signed a Redevelopment Agreement with Mr. Geoffrey Wade, Owner, of Outlaw Training & Fitness to redevelop the longtime vacant and former PNC Bank located at Highland & Morgan Aves.

Mr. Wade, whose business was formerly located in Riverton and presently in Cinnaminson, intends to convert the old bank into a state of the art fitness studio catering to private clients and groups.  A complete renovation of the building is expected and a new training area with artificial turf, weights, yoga and exercise areas are planned.

The Resolution adopted by the Governing Body authorizing the Redevelopment Agreement came after months of negotiations and working with Mr. Wade who is also a Palmyra resident.

Once renovations are complete the new business may be eligible for a PILOT program – or Payment in Lieu of Taxes. A PILOT is intended to attract new businesses to redevelopment areas by requiring the businesses pay a fixed annual fee instead of regular local property taxes, for a specified period of time. The Borough’s Land Use Board and Borough Council had previously designated this property an Area in Need of Redevelopment.