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SKYLANDS PARK MANAGEMENT COMPLETES PURCHASE OF FRANKFORD TOWNSHIP BALLPARK SITE; STADIUM WILL BE READY FOR APRIL/MAY SCHEDULE

 FRANKFORD TWP., N.J., Oct. 4 /PRNewswire/ -- On Oct. 1, Skylands Park Management, Inc. (NASDAQ: SKYP), developers of the professional baseball complex that will be home to the New York-Penn League's New Jersey Cardinals (Class-A affiliate of the St. Louis Cardinals), completed purchase of a 28.282-acre tract on which the Skylands Park Sports & Recreation Center is being built.
 The announcement was made by Robert A. Hilliard, the company's president and chief operating officer.
 The parcel of land, situated at the intersection of U.S. Hwy. 206, N.J. Route 15, and Sussex County Route 565, commonly referred to as Ross' Corner, was sold to Skylands Park Management by High Point Financial Corp. of Branchville for $1,131,280, or $40,000 per acre. Skylands Park Management had made prior payments of $150,000 toward the purchase price to allow site work to begin on the property last June.
 According to Mr. Hilliard, the company's current construction timetable will have Skylands Park's 4,200-seat stadium ready for the Jersey Central Power & Light/Skylands Park 1994 High School & College Baseball Program, which commences on Saturday, April 16, with a double- header between Fairleigh Dickinson University (Madison) and the University of Scranton. The New Jersey Cardinals begin their first professional season on or about June 15.
 -0- 10/4/93
 /CONTACT: Robert Hilliard of Skylands Park Management, 201-702-7656/
 (SKYP)


CO: Skylands Park Management, Inc.; High Point Financial Corp. ST: New Jersey IN: SU:

WB-MP -- NY062 -- 8356 10/04/93 12:32 EDT
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Publication:PR Newswire
Date:Oct 4, 1993
Words:250
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