 Due to lack of restoration funds, the state of New Jersey made a 25-year lease to a non-profit called the "Deserted Village of Allaire" to allow them to start restoration in the mid 1950s.The initial 11-member board of trustees consisted of one member who was actually a descendant of James Allaire; Edwin B. Allaire was a member of the board in 1957.Attempts to raise funds for restoration stated about 1952.