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Council approves $150,000 contract with Downtown Madison Inc. to support downtown economic strategy
Summary
After a 16–4 vote to reconsider the item, the Common Council approved a sole-source contract to provide up to $150,000 (proposed from TID 50) to Downtown Madison Inc. (DMI) to help fund a private-sector-led greater downtown economic investment strategy that will coordinate with the city's downtown area plan.
The Madison Common Council on Oct. 7 approved a sole-source contract with Downtown Madison Inc. (DMI) to help fund a private-sector-led greater downtown economic investment strategy. The item (Legistar 89,347) was brought back for discussion after a successful motion to reconsider; the reconsideration vote was 16–4. After public questions and staff briefings, the council adopted the funding by unanimous consent.
DMI President Jason Elstrup told the council the organization is leading an approximately $1,000,000 initiative, with the city’s $150,000 intended to help leverage private and institutional contributions. "To our funders, to know that the city is invested in this is quite key to our fundraising ask," Elstrup said, describing DMI’s plan to contract with national consultant MIG and to…
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