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Montclair has a lot of debt. It also has a lot of street-level parking lots, like the ones near Lackawanna Plaza. Earlier this month, Montclair Mayor Robert Jackson told a town meeting that the lots could help decrease the debt.
Baristanet says that Jackson said Montclair could lower its $220 million in debt–yes, $220 million–by opening several of the downtown parking lots to mixed-use development. You can read about the plans on Baristanet here.