Try 1 month for 99¢

A City Council showdown on the $200 million Judge Doyle Square project will likely be delayed from a Tuesday deadline to Sept. 15.

Mayor Paul Soglin on Monday recommended the delay because negotiators for the city and JDS Development haven’t fully resolved five remaining issues in an amended development agreement on the massive redevelopment south of Capitol Square.

The City Council is likely to follow the mayor’s recommendation, which reflects a recent vote by the city’s finance committee that the issues be resolved or the matter delayed for two weeks.

JDS Development is proposing a 250,000-square-foot headquarters for Exact Sciences Corp. and another 107,000 square feet of expansion space, a 216-room hotel for Monona Terrace, commercial space, a bicycle center, and parking for blocks that now hold the Madison Municipal Building and Government East parking garage.

Fast-paced negotiations are being driven by Exact Sciences’ desire to break ground in December so new offices can be ready in summer 2017. The project timeline calls for council approval of the agreement on Tuesday and final signatures by Sept. 15.

If a deal is signed, JDS — made up of Hammes Co. and Majestic Realty — must still secure land use and other approvals.

The main pieces of the development agreement, land use and financial responsibilities, are resolved.

The city’s finance committee, the Board of Estimates, on Aug. 24 recommended approval of the agreement if negotiators resolved the outstanding issues.

As of 3 p.m. Monday, the sides hadn’t completed work on union representation for hotel employees, the timing of development above the parking garage on the Government East Block, and further analysis of tax incremental financing (TIF) support, a four-page memo from the negotiating team to the council says.

The sides finished a required real estate purchase agreement and removed the developer’s right of first refusal to lease public parking spaces, it says.

“I believe everyone feels it is best we get the details worked through now before we ask council to take action,” said Hammes president Robert Dunn.

Subscribe to Daily Headlines

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.
0
0
0
0
0

Dean Mosiman covers Madison city government for the Wisconsin State Journal.