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Madison approves sale of two-acre Shunpike Road parcel to Ralstons for $26,000
Summary
The Redevelopment Commission approved Resolution 2025-4R to sell a two-acre parcel on Shunpike Road to Amy and her husband Ralston for $26,000 — $4,000 above the appraised value. The buyers plan two 50-by-100 buildings for their construction and cabinetry business; staff said the city prioritizes buyers that create jobs.
The Madison City Redevelopment Commission voted to accept an offer of $26,000 for a two-acre parcel on Shunpike Road, approving Resolution 2025-4R at its June meeting.
Staff said the sale received only one bid, from Amy Ralston and her husband; staff and legal counsel recommended accepting the offer because it exceeded the parcel’s appraised value by $4,000. Amy Ralston told the commission she and her husband plan to…
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