Fiscal Note
The proposed resolution authorizes Economic Development Division staff to undertake real estate activities and due diligence including consolidation of City-owned properties near Hughes Place and Cypress Way, the sale or transfer of these consolidated properties for the Centro Redevelopment Project, and negotiation of a purchase agreement for the current Centro facility at 810 W. Badger Road. The 2022 Adopted Budget for the Economic Division includes funding to support real estate staff costs. The resolution requires Council approval for any land use change or real estate transaction identified during these activities.
Title
Authorizing City departments to engage in redevelopment activities in support of Centro Hispano redevelopment project. (14th AD)
Body
WHEREAS, Centro Hispano of Dane County (“Centro”) is a leading social service provider for the Latinx community of Dane County, providing a range of programs for youth and families, workforce and career training services, and numerous community events and workshops; and
WHEREAS, Centro has owned its 18,000 square foot headquarters building at 810 W. Badger Road in South Madison since 2005; and
WHEREAS, with an ever-expanding list of programs, it has outgrown this space and has been looking to renovate and expand its current building; and
WHEREAS, the costs of modernizing this building would likely cost as much or more than construction of a new, larger building on another site that would better meet its needs for additional office, classroom, training and meeting spaces; and
WHEREAS, City staff are working closely with Centro Hispano to secure a site that would provide Centro sufficient space for an estimated $10 million, 25,000 square foot facility near its existing location (the “Centro Redevelopment Project”); and
WHEREAS, with City support, the County of Dane applied for and was successfully awarded $4.8 million in February 2022 for the Centro Redevelopment Project from the Wisconsin De...
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