Madison redevelopment staff present preliminary $4.9 million bond plan to fund housing, parks and infrastructure

Staff for the Madison City Redevelopment Commission presented Resolution 2025-1-R at the commission meeting, a preliminary bond resolution to begin the process of issuing up to $4,900,000 in redevelopment district bonds to fund housing projects, infrastructure and parks.

The commission was told the bond analysis in the packet shows roughly $4,700,000 in net proceeds available for investment and a schedule of meetings and notices for the next two months that will guide the issuance process. Staff described the resolution as the first step in a financing workflow that will move through the Redevelopment Commission and Madison City Council before closing in late spring or early summer; no final bond vote was recorded in the transcript.

Why it matters: staff and the mayor said the…