the staff of the Ridgewood blog
Ridgewood NJ, Rumor has it that Village Council candidate Paul Vagianos–by his own description the past, present, and future savior of Ridgewood’s Central Business District, who lined his pockets with a goodly chunk of the $3 million in tax dollars intended to be used solely to feed the hungry–now seeks to price out his downtown tenants by raising their rent by about 50%.
Wasn’t it enough that he had just increased those rents by over 10% in the middle of the pandemic last year, when shopping and dining out barely existed and his tenants needed a break, not a punch in the gut?
Is he looking to drive them out because he wants those buildings for something else? Too much competition for his own restaurant?
Is this the best way to keep our downtown businesses solvent and thriving?