The garage is a done deal. wake up people. the mayor wants this as his legacy. Of course it will be a financial disaster when we take money from NJ transit and Bergen county and the garage will end up being a commuter parking for out of town people. I predict the taxpayers will get stuck footing the bill as the garage will be underutilized and not meet the expected income Keep in mind that the money we now get from the parking garage goes to subsidize other elements of the town budget. Those funds will now be used to subsidize the debt on the garage so the taxpayers will need to fund that shortfall.
The recent report explaining that the income steam from the garage would be insufficient to cover the cost of the bond used to erect it, and that our entire parking fee system (i.e., meters all over town) will be made much more financially and logistically (in terms of having to pay through until 9pm every night) onerous to motorists in order to defray just PART of the added financial burden, should now be made the subject of a village-wide discussion, regardless of what 3000 die-hard supporters of big government wish to say in a “non-binding” way and during an off-year election cycle when for the first time since 1999 the lowly NJ assembly was at the top of the ticket.
heres an idea…stop with the absured pension and benefits in the town and there is pleanty of cash around to float this thing…STOP THE MADNESS