The Record's upbeat story on a 222-unit apartment building planned for State Street in Hackensack doesn't report residents' objections to a proposed 30-year tax break for the wealthy developer, Capodagli Property Co. of Pequannock (L-3).
At a City Council meeting on Tuesday night, officials introduced an ordinance allowing the developer to pay $1,200 in property taxes per unit for the first 7 years or a total of $266,400 a year.
Based on a partial assessment of a 226-unit apartment complex that is nearing completion on Hackensack Avenue, between two shopping centers, the State Street building would be paying only about a third of full property taxes, a city official said today.
City Manager Stephen Lo Iacono and council members defended the giveaway as necessary to develop the "blighted" State Street property, which, they said, is now yielding less than $80,000 a year in property taxes.
They said the building, which will be called Meridia State and have only 141 parking spaces, will spark the renewal of Main Street, which is a block away.
But the building won't be completed until January 2015.
The Hackensack Avenue complex will be marketed as a perfect place for shopaholics to live.
Let's hope for the sake of Main Street merchants the "affordable luxury" building on State Street isn't aimed at young professionals who have maxed out their credit cards.
The hundreds of thousands of dollars a year in taxes that won't be collected means Hackensack residents will have to wait longer to see their neglected streets paved, and can give up hope of ever seeing their own property tax bills stabilize.
Across America, large and small cities are making their downtowns more liveable in the hopes of attracting empty nesters and seniors, but Hackensack appears to be focusing on young professionals to bring about a renaissance.
If you expected to see local news on the front page today, you can forget about it.
Editor Marty Gottlieb has got bigger fish to fry than Hackensack's future.
Errors, not corrections
On the front of Local, Road Warrior John Cichowski presents another column filled with numbers -- this one based on a report from the U.S. Census Burea -- and quotes from commuters he undoubtedly interviewed by telephone.
The problem is that the tired Cichowski has shown a propensity to misread and misreport numbers in reports, as he did on Sunday in his column on rollover crashes, according to a concerned reader:
"The Road Warrior continues to demonstrate an inability in his March 3 column to correctly report information from government reports, such as the National Highway Traffic Safety Administration annual traffic fatalities for passengers involved in vehicle rollovers.
"The Road Warrior's problems are so bad that he is unable to correctly report on a graph that is published in his own column.
"He indicated that rollovers account for 2 out of 3 SUV deaths in New Jersey.
"The graph in his column clearly shows that rollover deaths in SUV's have NOT exceeded 50% of all SUV deaths since the mid-1990's, with the average closer to 45% in the past 10 years.
"Readers should also always use caution when encountering any of the Road Warrior's published scientific information, which inevitably defies scientific laws."
Read the full e-mail to management on the Facebook page for Road Warrior Bloopers:
Help! I've fallen, and lost my glasses