Pennsbury spends $5 million for 23 acres
Pennsbury Township consummated its deal to buy 23 acres from a subsidiary of Toll Bros. Inc. for $5 million. The deal was finalized on Dec. 12. According to Supervisor Charles “Scotty” Scottoline, $4 million came from a loan — with an interest rate of just less than 2.7 percent over 20 years — another $125,000 came from the Pennsbury Land Trust and the remainder from…