Update: Alder looks to close latest funding gap


The Cap Times reported on September 19 that Alder Sabrina Madison intends to submit an amendment to the 2023 Capital Budget, seeking to further fund the construction of the Market. She and others will ask that an additional $1.6M be approved.

“I am interested in seeing the project through because I believe the economic and social impact it will have on the city is immeasurable,” said Madison, the alder for District 17, who was a member of the Market Ready Advisory Committee in 2017 to help select the entrepreneurs who will take part in the eventual market.

The City of Madison has two options in regard to the low bid by the contractor.  The first is to do nothing, in which case the project will not move forward.  The second is to amend the 2023 Capital Budget in the weeks ahead to add $1,641,071 to the Public Market budget. Alder Madison’s proposed amendment meets that condition.

Moving forward, the Council will likely introduce the resolution at the October 3rd Common Council meeting to both approve the bid/contract and amend the 2023  Capital Budget Public Market project by a minimum of $1,641,071.  The resolution would be referred to Board of Public Works on October 4th, to Finance Committee on October 9th, and back to Council for action on October 17th.

You can read the Cap Times article here.

“Madison’s Public Market will be a vibrant ecosystem for entrepreneurs and consumers. The lively sounds of music and conversations will resonate throughout the market. I look forward to seeing all the treasures of food and retail for all of Madison to experience.” - Mayra Medrano, Latino Chamber of Commerce

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