The Lakewood Industrial Commission’s May 13, 2026 meeting packet proposed selling approximately 60 acres of Lakewood Airport land to The Center for Health Education Medicine and Dentistry (CHEMED) for $26 million. The packet placed the measure on the consent agenda as Resolution 260501. Official minutes confirming the vote have not been released, so it is not yet possible to verify from the public record whether the resolution was adopted as proposed.
The Lakewood Industrial Commission, or LIC, is the township body that owns Lakewood Airport and is authorized under state law to solicit businesses and industries to purchase township lands. CHEMED, as described in the packet, “provides medical services to residents of the community.”
What the packet says
According to Resolution 260501 in the packet, the land in question is “approximately 60 +/- acres” and is currently part of Lot 242 in Block 1160, located at Airport Road. The resolution states the LIC owns Lakewood Airport and is “empowered to solicit businesses and industries to purchase vacant lands and property of the Township” under N.J.S.A. 40:44B-8.
The packet states the $26 million price was based on two appraisals, each “reviewed and approved by the Federal Aviation Administration.” The Federal Aviation Administration, or FAA, is the federal agency that oversees airports, including the disposal of airport land.
Under the proposed terms, CHEMED would be required to develop the site within ten years. The packet says failure to meet that requirement “will trigger a reverter clause in which case the property will be reacquired by the LIC.” A reverter clause is a contract provision that returns ownership of land to the seller if the buyer does not meet specified conditions.
The packet lists the resolution as a consent item, meaning it was scheduled to be considered together with other consent items in a single vote rather than debated individually.
What is not in the packet
The packet does not include:
- the appraisal reports or appraised values
- the proposed contract for sale
- the FAA land-release documentation
- a parcel map showing the boundaries of the 60-acre portion
- any description of what CHEMED proposes to build on the site
The packet also does not include any vote count, roll call, or record of public comment on the resolution.
What happens next
The LIC’s next regular meeting is scheduled for June 10, 2026, at 11:30 a.m. via WebEx, according to the packet. Minutes from the May 13 meeting, when released, would confirm whether Resolution 260501 was adopted, amended, or held. The contract for sale, parcel description, and FAA land-release documents would be needed to verify the terms and the public process behind the transaction.
This article is based on the publicly posted May 13, 2026 LIC meeting packet. It will be updated when the township releases minutes from that meeting or further documentation of the sale.