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Drew University announces deal to save Drew Forest — again
Drew University on Monday night announced a deal with Madison to preserve the 47.3-acre Drew Forest while allowing the school to sell some of its Madison Avenue property for redevelopment as “multi-family, inclusionary” housing.
A similar-sounding announcement was made in November 2024. That deal amounted to a conceptual “term sheet.” The new statement cites signed agreements, $9 million in state funding, and a planned campaign by the nonprofit Friends of the Drew Forest to raise $5 million to help the borough complete the acquisition after years of talks and litigation.
“It will be the commitment of generous donors of today that will complete the deal to save the forest for generations to come,” Madison Mayor Robert Conley said in the announcement.