News and NotesConservancy Place - DeForest, WI


Park Towne Development: News & Notes

 

I am up here in LaCrosse for a high school golf event today. Some people find golf strange; chasing that little white ball around a field. Some days I wonder what they think of me following players around that are chasing a little white ball? They get to hit the ball but I never hit a bad shot all day!

 

Have a great week!

 

Joe 

Development News for the Week of:    4/21/2012 -  4/27/2012  

GOALS FOR REGIONAL ECONOMIC GROWTH OUTLINED

 

About 300 elected officials, company heads and community leaders from south central Wisconsin were told Wednesday its time to stop resting on their laurels, get past any rural-urban conflicts of the past and work as a team if they want to spark the areas economy in the coming years.

 

MADISON A LEADER IN CONSTRUCTION JOB LOSSES

 

Those looking for a rebound in building activity to lead the way out of the recession are not going to like these figures. A report from a national trade group shows the Madison area ranking among the worst cities nationally for construction jobs lost over the past 12 months.

  

PLAN TO KEEP JOHNSON AND GORHAM STREETS ONE-WAY RUBS SOME THE WRONG WAY

 

If you regularly travel from one side of Madison to the other, you probably like having the option to travel through the isthmus on Johnson and Gorham streets, a pairing of one-way streets that constitutes a de facto four-lane highway. But many residents on those streets, and in the larger Tenney-Lapham neighborhood, say the traffic has been detrimental to the livability and economic development of the area.

  

EAST WASHINGTON AVENUE PLAN GETS HO-HUM RESPONSE

 

Though it hasnt hit a significant snag yet, a redevelopment plan for the north side of East Washington Avenues 800 block has gotten little enthusiasm from city committees. On Monday, two committees took up a motion to accept a selection committees recommendation that the city sell the parcel to Urban Land Interests for a mixed-use project.

 

CITY ATTORNEY SAYS SECRET EAST WASH REDEVELOPMENT MEETINGS WERE OK

 

Looks like the closed-door meetings of the committee that picked the companies to redevelop the former Don Miller properties on East Washington Avenue were legal. But City Attorney Michael May says the careless way the city handled forming and naming the group legitimately led some people to think the committees deliberations should have been open to the public.

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 MADISON SCHOOL DISTRICT REPORT: $43.6 MILLION NEEDED FOR MAINTENANCE


Buildings owned by the Madison School District need $43.6 million in upgrades, and the district should nearly double the amount it spends on school maintenance annually, according to a report to be discussed Monday by the School Board.

 

DANE COUNTY LUXURY HOMES AND CONDOS PILING UP AS BUYERS RULE MARKET

 

There's plenty of high-priced homes for sale in Dane County, if you have a million or two burning a hole in your pocket. And if you do, you're likely to have a considerable advantage over sellers in this market. What's true for the market overall is true for its luxury segment, too, as homes priced $800,000 and up, and condos at $500,000 and up, pile up in the face of weak demand.

 

PLAN B FOR SOME HOME SELLERS: BE A LANDLORD

 

 After six years in a condo, Madison resident Jessica Ramirez Torres is ready for a bigger home, but the market isn't cooperating. She tried to sell the renovated, 900-square-foot unit on the East Side for more than eight months, at less than $100,000. Almost nobody showed any interest, and the one offer she did get was "way below" what she was asking, she said.


 LAND PURCHASE OK'D FOR PARK

 

According to the resolution Stewart County Park - located in Mount Horeb - is the oldest park in the county system. It underwent a major renovation in 2009 with one part of the overhaul related to Stewart Lake. The document states the component of restoring the lake was the management of water runoff and sediment loading from surrounding land.

 
BUSINESSES TRY TO REGROUP AFTER CAUSEWAY CENTRE FIRE

 

The blaze forced Hanna and others in the two-story triangular building to quickly adapt while trying to stay in touch with clients and keep their businesses going. They also are getting a lesson on disaster preparedness.

 

 

  

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 Around the State and Points Elsewhere 
 
 

At its best, a recent surge in local foreclosure activity will add to the backlog of distressed properties depressing the real estate market. 

 

 

Existing home sales in Wisconsin rose 25 percent in March compared with March 2011, the Wisconsin Realtors Association said Monday. It was the ninth month in a row of year-over-year increases, with a sales-volume rise seen in every region of the state.

 

 

Five historic Wauwatosa buildings, which preservationists hope will be converted into apartments, face an uncertain future that could include demolition for some of the structures.

 

 

One of central Wisconsin's largest employers has halted plans to build a refinery at its Wisconsin Rapids paper mill. NewPage Corp. says the "economics did not justify" continuing the project. The Ohio-based papermaker remains under Chapter 11 bankruptcy protection and continues to operate during a restructuring process.

 

 

Wangard Partners Inc. is considering apartments and retail use for a high-profile development site in Shorewood that it recently bought. Wangard paid $1.5 million for the 3.2-acre site on the south side of E. Capitol Drive, between the Milwaukee River and the biking trail overpass, said Jimmy Rosen, vice president at the firm.

 

FEDS SAY WISCONSIN FIRST IN JOBS LOST

 

Wisconsin lost more jobs in the past year than any other state, according to the U.S. Bureau of Labor Statistics. The bureau's figures show the state lost 23,900 jobs from March 2011 to March 2012. No other state lost more than 3,500 jobs.

 

POOR ECONOMY WORSENS SOCIAL SECURITY'S FINANCES

 

High energy prices and an economy that has been slow to rebound are worsening Social Security's finances, shortening the life of the trust funds that support program by three years, the government said Monday.