Readers say time for Valley to pay in PILOT to Ridgewood
Hackensack hospital has paid millions in PILOT to Hackenasck for years while Valley has hidden behind their nonprofit.
They do provide some support to activities such as the 4th of July parade etc. They paid for much of the field at Northern Parkway in order to buy the field committee support after the debacle of trying to build under Bf field but none of that compares to how much of a negative effect they have had on the infrastructure. This expansion will only exacerbate that and still they try to make everyone believe how wonderful they are to Ridgewood.
Strictly speaking, the fact that Valley Hospital doesn’t pay real estate tax is a result of State Law.
Valley hospital pays for it’s water use and a sewage fee but tis property tax exempt. Whatever commerce is generated is self contained as food for the institution is out sourced and it has it’s own visitor food service and gift shop. The burden is the cost of municipal services for the valley for which they don’t pay tax, and the wear and tear on local infrastructure and loss of quality of life for it’s neighbors. Let valley invest it’s resources elsewhere.
However, Valley Hospital could make an annual contribution to the town.