Ridgewood Tax Alert: Court Blow Over Former Valley Hospital Site Threatens Local Budgets
the staff of the Ridgewood blog
RIDGEWOOD, NJ — A high-stakes legal battle over one of Bergen County’s most valuable pieces of real estate has taken a dramatic turn. The Village of Ridgewood’s latest attempt to impose taxes on the former Valley Hospital property has been officially denied by the court, dealing a severe setback to municipal budget plans and potentially shifting the financial burden onto local homeowners.
