JULY 27, 2015 LAST UPDATED: MONDAY, JULY 27, 2015, 10:32 AM
BY MARK KRULISH
STAFF WRITER |
THE RIDGEWOOD NEWS
Ridgewood voters will have a referendum question on their ballots in November.
The Village Council this month authorized the placement of a non-binding referendum related to financing a municipal parking garage.
The referendum question was approved unanimously by the governing body and asks voters whether or not they support a proposal to finance the construction of a parking garage in downtown Ridgewood, which officials anticipate will be paid through parking revenues, by bonding up to $15 million in public funds.
The proposed garage would be built on the parking lot at the corner of Hudson and South Broad streets. The cost of such a structure is not yet known, though village officials have given placeholder estimations of between $10 million and $15 million as the possible tab for a garage.
Attached to the question is an interpretative statement, which says the referendum seeks to gauge public opinion on the development of a multi-story parking garage, which would provide additional parking for commuters and the Ridgewood residents and visitors who are patronizing the shopping and dining establishments as well as other services available in the Central Business District (CBD).
It is anticipated the parking garage would provide a net increase of approximately 300 spaces over what currently exists without negatively impacting local property taxes, the interpretive statement reads.
https://www.northjersey.com/news/referendum-on-financing-garage-is-set-1.1381589
