A proposed plan to open a new Holmdel fire station at Bell Works appears to be "dead on arrival" and officially off the table. That's because the Holmdel Township Committee announced Tuesday morning they plan to issue a $5 million bond. Although nothing is set in stone, part of that money will go towards the renovation of the existing fire house on Crawfords Corner Road or the construction of a brand-new one. Holmdel would have to issue a bond (borrow the money) to pay for this $5 million expense. "What we did this morning is allocate $5 million in the budget. We do not know how much that firehouse is going to cost; we do not know where it's going to go," said Holmdel Twp. Committeeman and Mayor Eric Hinds. "But it will be somewhere in the central part of town where we can get to southern Holmdel in a hurry." That means a previous plan to open a new firehouse behind Bell Works — in exchange for building 195 one-bedroom apartments there — has now been knocked off the table, probably permanently.