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Readers say Strong Finanaces Make Valley Hospital in Ridgewood a Perfect Candidate for PILOT program

Valley_Hospital_theridgewoodblog
March 23,3016
the staff of the Ridgewood blog

Ridgewood NJ, A reader says that , “Valley has utilized deplorable tactics in its fight against Ridgewood to expand – and those tactics have failed miserably. Their “all or nothing” expansion plan hasn’t even broken ground yet and Hackensack has already beaten them. Valley spent all of this time fighting a rag-tag bunch of community activists and still haven’t prevailed despite having millions of dollars to spend on the fight and 2 insiders on the Village Council. They may ultimately get their way with Ridgewood but it will be far too little and way too late. A Hackensack takeover would be better for Ridgewood if it meant getting rid of the current Valley leadership team.”

But some praised the Hospitals financial IQ , “On an executive level, Valley is well run and very strong financially. A lot of that is due to Ms Meyers. The way they celebrated victory before the dust settled implied that there was an inside track to get this done. That was evident when she showed up at one meeting at the 11th hour in a panic. Fortunately they also fell under the svengali like influence of PR hacks who figured the village for a bunch of sheeple who would roll over. Remember the ads and the “poll” results? That tone-deafness is a characteristic of many successful executives in all fields of operations. Arrogant and tone deaf? absolutely. But that does not take away from the hospital’s successful track record.”

Still overs say it time to pay taxes , “Challenge Valley’s not for profit status in the courts based on the Morristiwn precedent – if they have cash to buy properties and pay huge CEO salaries, they have cash to pay municipal taxes in Ridgewood given all of the municipal services they consume. Would add at least $4.0mn in property tax revenues a year or 10% of the current Village budget. Where the heck are the four “non-beholden to Valley” Council members on this? Maybe we can get three new Council members who aren’t afraid to challenge Valley in the courts on their not for profit status?”

One thought on “Readers say Strong Finanaces Make Valley Hospital in Ridgewood a Perfect Candidate for PILOT program

  1. Teaneck and Englewood decided to do it this week. Articles in The Record. Let’s do it in the fall.

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