Fiscal Note
There is no fiscal impact associated with the acceptance of the Report. Implementing specific recommendations within the Report will require the inclusion of expenditures in future capital and operating budgets, subject to Common Council approval at that time.
Title
Accepting the report entitled, "Ensuring a Vibrant Downtown Retail Destination: A Retail Assessment and Strategy for Downtown Madison", directing staff to begin implementing key recommendations of the report, and repealing resolution RES-15-00206 (Legislative File # 36697)
Body
WHEREAS, in 2012 the Common Council adopted the Downtown Plan which focused on establishing recommendations to strengthen the downtown economy, ensure a quality urban environment and enhance livability with needed goods and services available downtown, among other major goals; and
WHEREAS, the Downtown Plan included a major retail objective to "Enhance the shopping and entertainment choices for Downtown workers, residents and visitors by building on Downtown's strengths as an experience destination offering distinctive shopping options while also expanding the availability for neighborhood-serving retail"; and
WHEREAS, on March 3, 2015, the Common Council adopted resolution RES-15-00206 (Legislative File # 36697) directing staff to develop a plan for the State Street, Capitol Square, King Street area, as well as to consider conducting a market study; and
WHEREAS, in the spring of 2016, the City hired Tangible Consulting Services to conduct a retail and market analysis of the Downtown, focusing on State Street, Capitol Square, King Street, and adjoining areas; and
WHEREAS, Tangible Consulting Services coordinated with City staff, the Downtown Coordinating Committee (DCC) and Madison’s Central Business Improvement District Board (BID) throughout the process; and
WHEREAS, the final report entitled “Ensuring a Vibrant Downtown Retail Destination: A Retail Assessment and Strategy for Downtown Madison” (the r...
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