A century-old farm spanning more than 140-acres along the Taunton River is up for grabs.
And Tuesday night, the cash-strapped town of Bridgewater will decide whether to buy the land for preservation, or walk away and let a developer build homes there.
The question before the Town Council isn’t whether it’s a good investment, it’s money.
The Childs Bridge Farm off Cherry St. now sits in a trust held by descendants of the last owner. who bought it in 1905.
They’re poised to sell the property to local businessman and state rep Angelo D’Emilia for $3.5 million.
The town of Bridgewater has first crack at buying it, but a decision must be made in the next few weeks.
The Planning Board and Board of Assessors are recommending against the purchase, saying D’Emilia’s plan calls for a cluster development, which would allow more than half the property to stay open without the town spending any money.
The Bridgewater Town Manager is also against the purchase, saying it would either require a tax increase or dipping into the community preservation account, both of which are soon likely to happen to cover more pressing needs.
The Bridgewater Town Council meeting starts at 7:30 p.m. Tuesday in the Memorial Building.