Edgewater Recieves Death Blow From City Council

Mayor Paul Soglin and 10 City Alderman no longer wish to honor the promise of funding the Edgewater project with 16 million in TIF. Instead they voted to offer 3 million in TIF financing. If the project would have been financed this year it would have still qualified for the 16 million, however the project was held up in court by lawsuits. The Hammes Co. says they have qualified for financing but getting TIF finalized this year seems highly unlikely. Bob Dunn, from Hammes Co. said it would likely finalize late 1st quarter early 2nd quarter next year(March or April).

The 10 alderman that voted against the Edgewater project are:
District 1 Lisa Suebeck, D4 Michael Verveer, D5 Shiva Bidar-Sielaff, D6 Marsha Rummel, D10 Brian Solomon, D12 Satya V. Rhodes, D13 Sue Ellingson, D15 Larry Palm, D16 Jill Johnson, and D18 Anita Weier. If any of these alderman represent you, ask them why they don't support jobs? Ask them why they don't support increasing the Tax revenue? Ask them why they don't think Madison needs more quality lodging? Ask them why they would tell future developers and Banks that city of Madison doesn't honor their commitments? Ask them why they are against public space @ edgewater? Ask them how many jobs are they going to create? We must hold them accountable for destroying these jobs and hurting future development in Madison.