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Park Towne Development: News & Notes

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I hope that you have had a great year and that 2012 will be even better!

 

Go Bucky!

Joe

 

Development News for the Week of: 12/24/2011-12/30/2012 

 

GARVER FEED MILL DREAMS MAY COME DOWN TO HUMBLE STORAGE FACILITY

 

For all the ambitious proposals floated for the former Garver Feed Mill over the past several years - notably a $15 million arts incubator plan that foundered last spring on the shoals of the Great Recession - the weathered behemoth may be moving in a more practical, if less exhilarating, direction. The Olbrich Botanical Society is eyeing the crumbling landmark, adjacent to the Botanical Gardens at 3330 Atwood Ave., as a storage and maintenance facility.

 

STATE GIVES GREEN LIGHT TO MEMORIAL UNION RENOVATION

 

The first phase of a $52 million renovation project at UW-Madison's Memorial Union won approval from the State Building Commission, part of the Lakefront Gateway project that is expected to transform the campus waterfront on Lake Mendota. The commission OK'd about $82 million in projects last Wednesday for projects at campuses in the University of Wisconsin system, with the lion's share of the projects planned at the Madison campus. The Memorial Union project includes upgrades to the Union Theater, the Union Craftshop, the Hoofers Club and administrative offices, according to a release from the UW-Madison news service..

 

SO HOW IS THE OVERTURE CENTER DOING?

 

Well, it hasn't crashed or burned yet. Officials at the Overture Center say they are on track to meet ambitious fundraising targets, close to announcing a new CEO, and ready to cut strings to the city of Madison on Jan. 1, when a private nonprofit organization takes over operation of the facility. It's a critical period for the struggling arts center, and there are still plenty of challenges ahead in 2012. "We are doing very well," says Ald. Mike Verveer, a key backer and a board member of the Overture Center Foundation, the nonprofit that will take the reins next month. "There is a lot of excitement. But there is also a sense of realism that we are at the beginning of this journey, not the end." A key challenge is the need for a thaw when it comes to relations with the fellow who publicly fretted earlier this year that the arts center could end up a wreck: Mayor Paul Soglin. "There's no denial that we need to improve our relationship with the mayor," Verveer says.

 

A LAUNDRY SERVICE FOR THE HOMELESS LOSES ITS HOME 

 
An unusual program to help homeless people do their wash is being booted from the Madison laundromat where it has been operating for the past six months. Around 50 homeless people a month have been taking the bus to Laundry Land at 1131 N. Sherman Ave., where they get free detergent, coins for the machines and a temporary loan of clean clothes, since some people walk in with only the clothes on their backs, says Donna Asif, an advocate for the homeless. She set up Project Bubbles to be a companion to a service providing showers for the homeless she established in the basement of the First United Methodist church downtown in 2007. Keeping clean is no little thing even for people who lack big things like food and shelter, she says. She has seen grown men bury their heads in their towels and cry after having their first shower in days and changing into a freshly laundered set of clothes. Asif says she is "terribly disappointed" that management at Laundry Land is ending the program there Thursday, Dec. 29, but grateful they gave it a chance.

 
If you were trying to sell your home in Dane County this year, odds are you did better if you owned a single-family house rather than a condominium. It was still a tough market -- still a buyer's market -- for both, for sure. But condo sellers faced considerably tougher challenges. According to data through November from the South Central Wisconsin MLS, compiled and analyzed at DaneCountyMarket.com, there were big differences in the two types of living units on key measures of sales, inventory, selling success rate and more. And in all cases, traditional houses were looking like a better bet than condos, of which there remains a heavy over-supply. There was only a moderate excess of single-family homes for sale.

 

 

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 Around the State and Points Elsewhere

 

 

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DEVELOPERS PLAN TOWN HOMES IN GRANDVIEW ESTATES

 

A Billings Park housing development that got its start before the housing bubble burst could take on a slightly modified look if Rapid River Development/Kuepers Construction is successful in its bid to garner tax credits for the project.  The company that started the Grandview Estates is considering a plan to build four six-plex townhomes on the northern portion of the project site.  

 

Trek's bike-sharing business landed another Texas customer earlier this month, when the Houston City Council awarded B-cycle a $105,000 contract to install three kiosks and 18 bikes. In Spring, B-cycle installed kiosks and bikes in San Antonio, and now has its bike sharing system operating in 10 cities, including Madison. The Trek venture was a finalist for the mega-contract in New York City, but lost out to Alta Planning & Design. According to the Houston Chronicle, the three kiosks will be installed to whet the appetite of commuters at popular locations. Officials plan to add bikes and rental kiosks as more money becomes available. In Madison, the B-cycle operation has grown to include 35 locations and 350 bicycles for short-term rental.

 


The U.S. economy will grow faster in 2012 _ if it isn't knocked off track by upheavals in Europe, according to an Associated Press survey of leading economists. Unemployment will barely fall from the current 8.6 percent rate, though, by the time President Barack Obama runs for re-election in November, the economists say. The three dozen private, corporate and academic economists expect the economy to grow 2.4 percent next year. In 2011, it likely grew less than 2 percent. The year is ending on an upswing. The economy has generated at least 100,000 new jobs for five months in a row _ the longest such streak since 2006. 

A family-owned investment group has completed its previously announced plan to buy the Little Switzerland skill area, in Slinger. Schmitz Brothers LLC bought a 47-acre portion of the property, for an undisclosed price, from Wayne Erickson on Thursday. Little Switzerland has been closed since 2007. Schmitz Brothers is owned by Rick, Mike and Dave Schmitz, who all grew up in the Hubertus area and learned to ski at Little Switzerland. They plan to have it open for the 2012-'13 season.


Developers have applied to the Public Service Commission for a permit to build a large wind farm in western Wisconsin, the first application of its kind in more than two years. Emerging Energies applied this month to build Highland Wind Farm, a 41-turbine, 102.5-megawatt project in the St. Croix County towns of Forest and Cylon, about 25 miles east of the Minnesota border. The application comes as new wind siting rules remain in limbo in the PSC, with officials trying to broker a deal between the wind industry and its critics. 

 

SUN  PRAIRIE GETS BROWNFIELD GRANT FOR SENIOR HOUSING PROJECT

 

The city of Sun Prairie will receive a $350,000 brownfield grant from the Wisconsin Economic Development Corp. to help prepare a five-acre downtown site for the construction of the New Perspective senior living complex. The grant will reimburse the city for costs to clean up soil and groundwater contamination from two previously removed underground storage tanks. The 144-unit project is expected to create up to 11 full-time jobs in the first year of operation, the WEDC said in a news release.

 

RED CLIFF CHIPPEWA IN WIS. TO OPEN PARK TO PUBLIC

 

A Wisconsin tribe will become the first in the nation to open tribal land to the public, giving visitors a chance to enjoy nearly 89 acres of pristine forestland along the coast of Lake Superior. The Red Cliff Chippewa are creating Frog Bay Tribal National Park, an area flush with towering trees _ hemlock, white pine, white spruce, balsam fir, yellow birch and white cedar. The park is expected to open in August. "This is a rare gem," said Chad Abel, the tribe's administrator of natural resources. The National Park Service says there are no other parks that are tribally owned or controlled by tribes that are open to the public, according to a Milwaukee Journal Sentinel report. 

 

PICK 'N SAVE  BUILDING NEAR FORMER NORTHRIDGE MALL SELLS AT LOWER PRICE

 

A 61,667-square-foot building leased for a Pick 'n Save supermarket, near Milwaukee's former Northridge Mall, has been sold for a price 30% lower than what it sold for just under five years ago. The building,at 8120 W. Brown Deer Road, was sold by Sun Life Assurance Co., of Canada, to Granville Investors LLC for $5.1 million, according to documents filed with the Milwaukee County Register of Deeds. Sun Life bought the building, in February 2007, for $7.3 million from an affiliate of Tucker Development Co., based in the Chicago area.  

 

The number of Americans who signed contracts to buy homes in November rose to the highest level in a year and a half. The best reading on pending homes sales since a federal home-buying tax credit expired appeared to encourage traders on Wall Street. Still, the National Association of Realtors cautioned that a growing number of buyers are canceling their contracts at the last minute, making the gauge less reliable. The Realtors group said Thursday that its index of sales agreements jumped 7.3 percent last month to a reading of 100.1. A reading of 100 is considered healthy. The last time the index was that high was in April 2010, one month before the tax credit expired. Stocks rose after the index was released. The Dow Jones industrial average gained more than 70 points in morning trading, and broader indexes also increased. Contract signings usually indicate where the housing market is headed. There's a one- to two-month lag between a signed contract and a completed deal.

 

ALL EYES ON GERMAN RENEWABLE ENERGY EFFORTS

This tiny village of 37 gray homes and farm buildings clustered along the main road in a wind-swept corner of rural eastern Germany seems an unlikely place for a revolution. Yet environmentalists, experts and politicians from El Salvador to Japan to South Africa have flocked here in the past year to learn how Feldheim, a village of just 145 people, is already putting into practice Germany's vision of a future powered entirely by renewable energy. 

 

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