file photo by Boyd Loving
April 11,2018
the staff of the Ridgewood blog
Ridgewood NJ, once again we turn to Councilmen Ramon Hache for an update on the Hudson Street Garage . In his recent new letter Hache stated that , “Following presentations from the four developers that responded to the Village’s RFP, the Village Council selected two of the four developers to continue negotiations. The negotiations began in March, with the goal of selecting a final proposal that balances the best fit, value, functionality, and design.”
The current council once again made a very smart decision designating the existing Hudson Street lot as an area in need of redevelopment in 2017. This has allowed them the opportunity to negotiate directly with the construction companies, instead of simply accepting or rejecting the bids. An additional benefit of the redevelopment zone designation is that the Village does not have to post the usual deposit for the bond which, for this project, could have been up to $600,000. The results of the negotiations will be discussed in Closed Session on April 11.
