City approves $700,000 JDS payment
Biting the bullet to end a dispute over the Judge Doyle Square development, the Madison City Council has voted to approve a $700,000 payment to the Chicago-based developer, according to a report in the Wisconsin State Journal.
The action, which amends the city’s development agreement with Beitler Real Estate Services, commits the city to pay the money in exchange for Beitler giving up development rights over the part of the project that involves the city block containing the Municipal Building. The revised agreement also requires Beitler to accelerate construction of a hotel to serve Monona Terrace.
Last year, the council had rejected two other proposals meant to resolve the dispute, which centered on which party had the right to develop a portion of the development known as the podium, which consists of ground-level commercial space and two floors of private parking above a new underground parking garage.