Fiscal Note
The 2015 adopted CIP includes $6.25 million for planning costs associated with the construction of a public market in the existing Fleet Services facility. These costs may include land acquisition, planning, design, site preparation, and construction efforts. An additional $2.35 million is currently planned for future years of the CIP.
Title
SUBSTITUTE Accepting the Public Market Business Plan as the guiding document for the implementation of a public market at First Street and East Johnson Street and directing the Local Food Committee to develop and execute a project implementation strategy for the Public Market and a plan for the Market District. provide recommendations on operating structure, transition, and a market district plan.
Body
WHEREAS, the City of Madison’s Local Food Committee has spent over three years conducting research, talking with stakeholders, and evaluating been exploring the potential of creating a Madison Public Market as a catalyst to strengthen the local food system and grow the food economy; and
WHEREAS, the City and its consulting team from Project for Public Spaces completed an 18-month public market business planning process consisting of three phases: 1) market analysis, 2) site selection, and 3) design, financial, and operation plan; preliminary floor plan, financial analysis, economic impact analysis, and operation plan; and
WHEREAS, the first phase of the business planning process identified a high level of interest and support for the public market project among prospective public market vendors, partners, as well as community members; and
WHEREAS, the first phase of the business planning process included an online community survey completed by over 2,200 people with 95% of respondents indicating support for the project and included two vendor surveys completed by over 300 vendors indicating interest in being part of the project as a business opportunity; and
WHEREAS, the second phase of the business plan ...
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