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Agency advances Lakeside/Colfax redevelopment after debate over parking easement and licensed spaces
Summary
The Redevelopment Agency directed staff to continue negotiating a redevelopment agreement for the Lakeside/Colfax proposal and to present two parking alternatives to the borough council: a nonexclusive easement to access additional on‑site parking or a licensing agreement for a larger number of borough spaces. Final approval remains contingent on council action.
The Pompton Lakes Redevelopment Agency voted to advance a revised mixed‑use proposal at Lakeside/Colfax and to direct counsel to negotiate a redevelopment agreement while the applicant pursues either a borough easement or a licensed‑parking alternative.
Applicant counsel told the agency the team prepared two alternatives to address parking and bank financing: the preferred version would include a nonexclusive easement through the borough pothole area that allows vehicle access to two levels of on‑site parking; the no‑easement alternative would reconfigure the lower level and require the borough to license dozens of…
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