RAHWAY – The city has tabled plans for a $12 million parking garage because the current recession has stalled development.
A parking study completed last fall concluded that Rahway would need hundreds of new parking spots to fulfill its ambitious development plans. The recommendation led to plans for a four-story, 507-space parking garage at the corner of East Cherry, Main and Irving streets.
But that was before Wall Street tanked.
“I couldn’t in good conscience at this time build a parking deck and put the taxpayers $10 million in debt,” said Peter Pelissier, executive director of the Rahway Redevelopment Agency.
The parking deck proposal could be revived when the economy improves, Pelissier said, but for now the agency will focus on more modest goals like street-level parking lot.
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