City of Madison to redevelop State Street Campus Garage, add bus terminal and housing
The city received seven proposals from developers in response to their State Street Campus Garage Mixed-Use Project.
MADISON, Wis. (WMTV) - The City of Madison is planning to redevelop the Lake Street portion of the State Street Campus Garage, according to the City of Madison Tuesday.
The State Street Campus Garage Mixed-Use Project involves replacing the Lake Street portion of the State Street Campus Garage, as well as adding an intercity bus terminal with off street loading and unloading of passengers. Housing will also be built above the garage and first floor retail/commercial use.
The city received seven proposals from developers in response to their State Street Campus Garage Mixed-Use Project RFP, according to the City of Madison Economic Development Division. The RDP was issued April 22 and responses were due Monday.
“This is a unique opportunity to integrate an intercity bus hub into a new parking garage along with housing and other uses for the benefit of residents, University students, and visitors,” Mayor Satya Rhodes-Conway said. “This site connects the University and Downtown Madison. We are excited about the possibilities.”
According to the City of Madison, the redevelopment could be an anchor for a State Street tax incremental financing district (TIF) district, which could provide an opportunity to create additional affordable downtown housing.
“More housing, more affordable housing, and better intercity bus serves are important to students,” Ald. Juliana Bennett, 8th district said.
City staff are reviewing proposals July through September. Actual construction of the project is planned for 2025.
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