Kraft Group Pays $1 Million For $400,000 Walpole Property Near Gillette Stadium
May 17, 2012
FOXBORO (CBS) – A recent purchase by the Kraft Group in Foxboro is raising some eyebrows in the neighboring town of Walpole.
The sale was completed just before residents of Foxboro voted in a town election that showed they were not in favor a proposed destination casino on land across from Gillette Stadium.
The property sits on a private way in Walpole and abuts the parking lot where that casino would have been placed. That private way connects to a public road in Walpole.
The property is assessed at just over $400,000, but the Kraft Group paid nearly $1.2 million for it.
The Kraft Group had no comment when asked about the sale Wednesday.
Officials in Walpole told WBZ-TV they plan to look into the sale and try to determine what the Kraft Group has planned for the property.
The sale was completed just before residents of Foxboro voted in a town election that showed they were not in favor a proposed destination casino on land across from Gillette Stadium.
The property sits on a private way in Walpole and abuts the parking lot where that casino would have been placed. That private way connects to a public road in Walpole.
The property is assessed at just over $400,000, but the Kraft Group paid nearly $1.2 million for it.
The Kraft Group had no comment when asked about the sale Wednesday.
Officials in Walpole told WBZ-TV they plan to look into the sale and try to determine what the Kraft Group has planned for the property.
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