According to Marshall Valuation Service (updated May 2015), the cost of multi-level parking structures range from $9,900/space to $21,500/space depending upon height and quality. We can assume in Ridgewood, it would be at the upper end of the range. But that’s just a rule of thumb. Marshall’s estimates the cost per square foot of gross building area at $92.12 per square foot, which is the cost before developer’s profit, and is the more accurate method. So what is the size of the proposed building? Using an average of 350 +/- square foot per space including an aisle would result in a per space price of $32,200. So $15,000,000 divided by $32,200/space results in a garage with 465 spaces. Does this math sound crazy yet? A 465 space garage sounds crazy, unbelievable and won’t look very good no matter how it is dressed up.
The purpose of this structure is to urbanized Ridgewood and regionalism our transit stations.
build it big,
Please, please, please stop saying “Garage” — we don’t need one. What is needed is a simple drive on parking facility to handle the need for some extra “space” facility for different users. A carefully designed ride on parking deck and a simple fee collection system. that can support the deck type cost.
Keep those “Town Engineers” from feeding their own self importance. I don’t find them trust worthy.
D- ..
Insurance, vandalism, snow and ice removal, cleaning, general maintenance and repair, police and fire, accidents….
Yes 11:03 and put a couple of floors of senior housing on top.
Has to be public private partnership so business owners can keep an eye on this to protect taxpayers from the stupidity of the Village
10:45, NJT built that hideous station and garage in Ramsey at Route 17 a few years ago with the same intention. The structure remained empty for so long that they rented a deck to a local car dealership for storage. The village shouldn’t be focused on building a parking space for every car in the region. But on supplementing the existing supply in a responsible manner. Let’s all be civil about this.
Here’s my nonbinding referendum vote in advance, before it’s too late to stop it: NO. Or let the owners of Fish and It’s Greek To Me pay for it–it’s for them anyway. You can’t fool us, Mayor, although you’re getting better and better at screwing us over.