the staff of the Ridgewood blog
Ridgewood NJ, Dr. Fishbein spoke about the BOE Finance Committee’s request last year of looking into the viability of selling the Education Center and moving elsewhere. A formal market appraisal of the Education Center came in at $2.8 million in April 2018. LAN also prepared preliminary drawings for a new building in the space in front of Glen School that came in at an estimated $10 million. Rental fees would range from $150k – $260k per year, with the likelihood of a necessary relocation outside of Ridgewood. The conclusion was that it is financially prudent to stay at the current site, 49 Cottage Place.
Did we spend education dollars on that study & preliminary drawings?
$2.8 million seems low to me. Do you know who gave the appraisal?
Some nerve thinking of selling our historic first schoolhouse. For shame.