 The borough was enlarged on July 5, 1918, by the addition of an area annexed from Hasbrouck Heights.The borough was named for Walter C. Teter, a New York investment banker, who had purchased land in 1917 to build a racetrack and developed a site, reclaiming marshland and building an airport and an 18-hole golf course.The name Teterboro was changed on April 14, 1937, to Bendix Borough, but reverted to Teterboro Borough on June 1, 1943.