Madison Common Council chooses plan to redevelop Judge Doyle Square
The Madison Common Council has approved plans to negotiate with a developer for a massive redevelopment of a couple of blocks of prime downtown real estate.
Late Tuesday evening on a voice vote, the common council chose to start negotiating with Beitler Real Estate Services of Chicago on a proposed $170 million redevelopment of two city blocks which include the Madison Municipal Building and the Government East parking ramp southeast of the Capitol Square.
The city chose Beitler over a similar, more expensive proposal from Vermilion Enterprises of Chicago.
Beitler’s proposal would create a 252-unit hotel and underground parking where the Government East parking lot stands, while another $29 million would be spent on a renovation of the municipal building,
The city now has two months to negotiate a final deal with Beitler. The city faces a tight timeline due to the closing of Tax Incremental Financing district.