The property, which is the site of the former Connecticut Tar & Asphalt Co., is made up of three parcels of land: 222, 230 and 248 Brownstone Ave. The town currently receives $16,415 a year in property taxes. That money would stop if the town buys the property. One of the ideas put forward for the riverside property, if the town buys it, is to use it as a parking lot. The town is paid a portion of the receipts from the water park; since it opened in 2007, the town has earned more than $3.1 million.