June 19,2016
the staff of the Ridgewood blog
Ridgewood NJ, As you can see from the reports prepared by the Village’s own expert’s parking rates are going sky high, hours are getting longer, enforcement is going to get tougher and shop owners more than a few blocks from GarageMahal will actually see business decrease because of the steps needed to subsidize the massive garage the Mayor wants to bond on June 21.
So it not hard to see why landlords who own properties and businesses right next to the Garage are working so hard and stooping so low to get the “YES “ vote out. It’s worth a ton of money to them in increased rents and property values. For example, Paul Vagianos, who controls the Pearl Restaurant building directly adjacent to the Hudson St lot, runs It’s greek to me less than a block away and now has an interest in FISH, also immediately adjacent, was handing out flyers to morning commuters yesterday that used snippets of conversations with Incoming Council Members, taken out context, to falsely imply the incoming Council was endorsing a “Yes” vote, when he knows this is not true. Lass week in a Letter to the Editor of Ridgewood News incoming Councilman Jeff Vioght clearly laid out his own reasons why he is voting “No” on Tuesday. For others to imply he supports a “yes” vote is wrong, but large amounts of money will make some people do unsavory things
This is financial analysis data is all drawn directly from reports on the Village Website
Here is what rates to subsidize the Mayor’s Design will look like (they might move around by street or lot or hour but its a zero sum game, the cost of the garage is what it is and the money is going to be found from taxpayer’s pocket either when they are shopping/dining or when they are paying
their mortgage)
Here is what enforcement is going to look like and if your business if too far away to benefit you are
Don’t let anyone tell you that bigger garages are always more economical than smaller garages
