February 27,2018
the staff of the Ridgewood blog
Ridgewood NJ, walker report 2015-It is typical in downtowns that the revenue stream in a given garage is not sufficient to cover its operating costs and debt service. Downtown parking systems are just that – systems – that rely on pooled revenue from all resources, and especially the on-street meters (which tend to have the highest turnover), to cover the higher cost associated with building and operating a garage. This is the case in Ridgewood, where the net new revenue projected for the garage is not projected to offset its expenses. Therefore, our revenue projection includes all bottom of page 1
Full report from 2015
https://mods.ridgewoodnj.net/pdf/manager/2015walkerFinal.pdf
