Fiscal Note
This resolution outlines the elements of a new request for proposal (RFP) process associated with development of a hotel and other facilities on Blocks 88 and 105, known as the Judge Doyle Square project. In Res. #35723, the Council directed that a new RFP be issued for the project.
The adopted 2015 capital budget includes $700,000 under PCED project #12 for the South Capitol Transit Oriented District ($380,000 in Federal TIGER II grant funds and $320,000 in TID 25 proceeds). The Parking Utility budget includes $11.95 million in 2015 for replacement of the Government East parking garage (Parking Utility project #2, Judge Doyle Square Garage).
Additional background information on the project to date can be found in Res. #35297 -- Report of Negotiating Team to Board of Estimates at its July 28, 2014 meeting, as well as at the Judge Doyle Square page on the City Planning Division website (
).
Staff resources from the Department of Planning & Community & Economic Development, Finance, Traffic Engineering, Parking Utility, Monona Terrace, City Attorney and City Engineering will be allocated to provide support for the issuance of a new RFP and review of proposals without the need for an additional appropriation.
All future expenditures associated with the project will require further Council approval other than the costs associated with RFP issuance, review and developer selection and negotiations with the selected developer.
Title
SUBSTITUTE: Authorizing the Issuance of a Request for Proposals for the Development of the Judge Doyle Square Project on Blocks 88 and 105.
Body
Judge Doyle Square represents an important opportunity to add another dynamic and high quality, tax-generating development for the benefit of the City and its other taxing jurisdictions. Judge Doyle Square can be a destination for residents, employees and visitors by expanding and unifying the restaurant and entertainmen...
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