Madison city council approves $90 million Edgewater Hotel project - WKOW 27: Madison, WI Breaking News, Weather and Sports

UPDATE: Madison city council approves $90 million Edgewater Hotel project

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MADISON (WKOW) -- After hours of debate and public testimony, the Madison City Council gave the go-ahead for the $90 million Edgewater Hotel project.

The final vote came at 7:41 a.m. Wednesday, more than 13 hours after the meeting began.

In the end, alders voted on several items that will help make the proposal a reality.

Alders approved $16 million in TIF funds that will go toward building a public terrace and lakefront access.

The council also overturned a Landmarks Commission decision that had killed the project twice. The Landmarks Commission said the proposal didn't mesh with the surrounding Mansion Hill historic district.

"This is a good project. It's good for the city and it's going to be great public space, creating jobs and building our tax base. Those are all things we need to do," said alderman Mark Clear, who voted in favor of the project.

"It was a long night and it's been a long process, but it feels good to get all this put together in one night so now we can start to focus on going forward," said Bob Dunn, the developer behind the Edgewater project.

Wednesday's decisions by the council will allow the developer to secure financing and start construction by the end of the year.

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MADISON (WKOW) -- The Madison City Council meeting may finally be coming to an end.

Alders pulled another all nighter, discussing the Edgewater Hotel proposal.

After 12 hours of testimony and debate, Madison alders are now down to the last two Edgewater items on the agenda.

Of course, one of them is the most controversial one -- the $16 million in public funding the developer is asking for.

That money would be used to build a public terrace and staircase on Lake Mendota.

Some says it's too expensive, and not worth it because the hotel would be allowed to close the terrace to the public certain times of the year.

While the $16 million question remains, alders have pretty much cleared the way for the hotel proposal.

They changed the zoning law, approved a conditional use permit, and overturned the landmarks commission.

People on that committee said the nine-story building didn't fit in with the historic neighborhood.

The entire Edgewater project is expected to cost about $90 million, and create about 350 hotel jobs.

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MADISON (WKOW) -- Madison alders are preparing for another all-night session as they debate the Edgewater Hotel project.

The fate of the $90 million plan is in their hands -- a project so big and controversial -- it will require no less than five separate votes to move it forward.

Alders need to decide whether to approve $16 million dollars in public financing, lakefront zoning changes, and overturn a landmarks commission ruling that the new hotel would be out of character with the surrounding Mansion Hill neighborhood.

More than 60 speakers, not counting the parties involved in the project, registered to speak Tuesday night. If all registrants use their allotted five minutes, public testimony will last until at least 3 a.m. Wednesday. Then, alders will debate amongst themselves.

Jeff Angileri is staffing the meeting, and will have updates on Wake Up Wisconsin.

 

27 News Continuing Coverage:

Madison Planning Commission passes Edgewater zoning changes (March 23, 2010)

Historic Edgewater Hotel redevelopment gaining momentum (Feb. 24, 2010)

Madison alders revive Edgewater Hotel plans (Jan. 05, 2010)

Edgewater proposal lives another day (Jan. 04, 2010)

Edgewater developer comments on council vote (Dec. 17, 2009)

Three key council members miss Edgewater vote (Dec. 16, 2009)

UPDATE: Edgewater Hotel appeal fails (Dec. 15, 2009)

Edgewater project on the line (Dec. 2, 2009)

Another hurdle for Edgewater proposal (Nov. 30, 2009)

Madison downtown neighbors against proposed lakeside hotel (Nov. 12, 2009)

Madison city leaders pass budget (Nov. 11, 2009)

Madison area chamber endorses redevelopment of historic hotel (Aug. 20, 2009)

Supporters, skeptics hear from Edgewater Hotel developers (Aug. 19, 2009)

Edgewater renovation proposed in Madison (June 28, 2009)

 

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