Mercer County Buys 56 Acres from Rider University for $8.5M
Mercer County has committed to buying roughly 56 acres of land from Rider University for approximately $8.5 million, a deal that delivers much-needed cash to a financially struggling institution while locking away ecologically significant open space for generations to come. Rider University President John Loyack, Mercer County Executive Dan Benson, and the county's board of commissioners announced the agreement this month. The purchase will be funded primarily through a combination of the county's Open Space Trust Fund and its capital budget. Lawrence Township has also pledged to contribute through its own open space funds.