The aforementioned absence of parking demand serves to validate how much the downtown has declined and businesses are struggling to survive. Lack of cars = lack of customers.
While many residents do not seem concerned over the possible demise of the CBD the fact is it WILL have a negative impact the value of their homes. Houses in Ridgewood have traditionally garnered a premium over comparable houses in other towns. The question is why. The answer is quite simple. Ridgewood has a wide variety of homes at varying price points in different neighborhoods all of which share a legendary school system and offer a convenient commute to NYC.
While there are other affluent towns in Bergen County which offer similar attractions Ridgewood is unique in that has all of the foregoing PLUS it has traditionally been home to a lively and walkable downtown with a wide variety of shops and restaurants This “trilogy” has proven to be highly successful in attracting newcomers to the Village who are willing and able to pay a premium for their homes.
The question is what happens if this highly successful formula were to disappear ? It is the opinion of the writer that the premium assigned by the market to houses in Ridgewood would gradually diminish and ultimately disappear. We would be just another affluent town in Bergen County that has nice neighborhoods and good schools. I say let’s keep what makes Ridgewood special. Let’s undertake to revitalize our downtown by building a garage …..albeit one that may be a little smaller. Let’s then work together to figure out a long term strategy that builds on our strengths and augments them so as to maintain our premier status as the town that “has it all”. Just my thoughts.
