Paterson Parking Authority
"The Silk City's Economic Engine"
Redeveloping Paterson's Geographic Heart
Paterson has a tremendous opportunity to redevelop a heavily populated section of the City that is in need of revitalization. The new Passaic-Bergen rail service that is set to break ground in the spring of 2010 will create pedestrian-friendly transportation opportunities for the residents of this area in Paterson"s geographic center.
Paterson will be home to five "neighborhood" stations along the new rail line, which begins in Hawthorne and ends in Hackensack. Each station will provide unique opportunities for the people who live near the new stops; new housing and enhanced economic development will be a direct result of this innovative transportation option. The locale with the most potential for immediate revitalization is around the planned station on Madison Avenue just south of Broadway.
In anticipation of this new rail service, the Paterson Parking Authority has obtained approximately four acres of former industrial and commercial property adjacent to the proposed station, which is currently undergoing environmental restoration. The County of Passaic, understanding the potential impact that rail service could have on this neighborhood, has commenced the Madison Avenue Commuter Rail Study. This process will focus on how public investment can improve the lives of the residents currently living in the area and help guide the City of Paterson and private developers on how to best utilize smart growth principles in the effort to revive this neighborhood.
What is abundantly clear is that there is a critical need for additional public parking to support current businesses, future residential developments and a local grammar school. The addition of commuter rail service will only heighten the need for parking, as no other proposed station in the City of Paterson has land in close proximity to provide parking. The PPA site is large enough to ensure that parking will only be one facet this property's redevelopment.
Once again, the PPA is at the forefront of a new and exciting venture and looks forward to working with the Mayor and Council and the residents of Paterson in order to help move this great city forward.