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BREAKING: Village of Ridgewood order to pay additional +$350K for condemning Town Garage Property

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the staff of the Ridgewood blog

Ridgewood NJ, on-line NJ Courts documents posted for public viewing on August 16, 2024, reveal that the Village of Ridgewood has been ordered to pay an additional $341,700 to the former owners of The Town Garage property, located at 120 Franklin Avenue, in connection with condemnation actions undertaken by the Village. Total purchase price for the condemned property now stands at $1,447,700. Court documents stipulate that the property was condemned to facilitate construction of a public park.

Continue reading BREAKING: Village of Ridgewood order to pay additional +$350K for condemning Town Garage Property

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The Town Garage, 120 Franklin Avenue; the eye of the storm . . .

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The current hot discussion topic among those who monitor Village Hall happenings is how an out of town firm was able purchase the Town Garage property from right out under the noses of Village Council members. Village ownership of the subject property (see posted photo) is seen as key to the successful construction of a municipal parking garage.

Reportedly, Village officials had offered previous owner Richard Agnello more than the $1.265 million sale price. However, it is being reported that Mr. Agnello refused to sell until the Village found a suitable location nearby for him to relocate his motor vehicle repair facility.

So the fly would like to know: 1) How was the Wells partnership able to buy the property for less than what Village officials had offered Mr. Agnello? 2) Will Mr. Agnello be closing up shop, or has the Wells partnership found a location for him to move his operation to? And, 3) What prompted the Wells partnership to purchase a piece of property destined for involvement in eminent domain proceedings?