MADISON (WKOW) -- The city of Madison is looking for new plans for the old Don Miller site on East Washington Avenue.
City officials announced Tuesday that the city and the developer, Urban Land Interests (ULI), mutually decided not to move forward with the planned development on the 800 block.
The proposal called for two commercial buildings, an apartment building and a parking ramp.
On May 22, the City and ULI entered into a Purchase and Sale Agreement. That agreement contained a public financing contingency to address the incorporation of a significant parking structure on the site. In addition to the City looking for a larger development proposal on the site, the City and ULI both concluded that, at this time, the parking/development financial model would not generate sufficient incremental taxes to justify the project at this time.
Now the city says it will evaluate its options and potential alternatives.
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