I am outraged at the Chamber’s Ad in the Ridgewood News today. They lied from the beginning with the say “yes” and negotiate size later when there is no negotiation. You try and negotiate and they go around you. We are not a small, rogue, nameless group! Most of us speak at meetings, write letters and emails, and stand on the streets with clipboards. So the paper lets them continue to write lies with no rebuttals?
There was an email floating around today suggesting keeping this transaction off the balance sheet will allow Ridgewood to bond more projects. First, what other massive projects are they planning?? Second, anyone who believes in off balance sheet financing needs a lesson in finance. It is still debt, it needs to be paid back and ratings agencies will still recognize it as leverage.
