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Local Finance Board Approves $5 Million for Parking Garage

"Now we're full steam ahead." --Mayor Raymond McCarthy.

 

The local finance board today approved the Parking Authority’s application to appropriate $5 million for the new parking garage in the town center, according to Mayor Raymond McCarthy.

“The finance board approved the amendment the Parking Authority submitted a few weeks ago, to allow the township of Bloomfield to provide the Parking Authority with a total of $5 million,” said McCarthy in a phone interview with Patch.

The on July 23, sought to increase the appropriation amount from $3 million to $5 million to help pay for the parking garage.  As an amendment to the resolution, Bloomfield Parking Authority Attorney Joe Baumann vowed to give taxpayers one hundred percent of the excess revenues generated by the Parking Authority in a given year.

At the time, McCarthy called the idea “a good move credit-wise because it reduces the debt of the town," saying the revenue generated by the parking garage, which he estimated would be $4 million dollars in the long run on the $5 million investment.

McCarthy said the application was approved today over the objections of three Bloomfield residents who attended the hearing. Russell Mollica, Carol Humphreys and Jim Wollner argued that the Bloomfield taxpayers should not be responsible for the financing of the parking garage.

McCarthy said transferring the money to the Parking Authority, which should be done in the next couple of weeks, is the last step towards greenlighting the project.

"Now we're full steam ahead," he said.

 

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concernedcitizen August 09, 2012 at 09:26 PM
Really People, do you ever have anything nice about the town you live in. I am looking forward to this raising my home value. Keep talking bad about your town, keep spending Open Space money on properties like the copek property and loose tax dollars. If you people had your way we would be living in the slums. Go live in the gettos, leave Bloomfield to thrive and prosper. I am sure whom ever wins the election, you will not be satisfied with that either.
Pat Gilleran August 10, 2012 at 01:37 AM
The Copeck property was purchased because it's on the flood plain and will protect other homeowners properties. Purchased with Green Acres grant, NY/NJ baykeepers grant and less than 200,000.00 orf Open Space Trust Fund money. A new park for bloomfield. less flooding in the area. PRICELESS!
concernedcitizen August 16, 2012 at 01:49 AM
R u trying to convince me that it was a good purchase or are you trying to convince yourself. there is a lot of property on the flood plain, that does not mean it is not buildable. That is what we need, more open space, Bloomfield has 8 parks of its own and two more owned by the County, how do you people figure there is not enough open space. Not to mention the town green that you wanted to convert to some kind of monument park with fountains and what have you. Why don't you all buy the train station and turn that into a park. What does the word park mean to you? Fields for the kids to play on, swings, basketball courts?
Pat Gilleran August 16, 2012 at 07:12 AM
"you people" ! Yes we are the People and the people have purchased this land for a park. Already bought and paid for with grants and Open Space Trust Fund monies. We are now the proud owners!
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