Madison Finance Committee recommends additional $1.9 million for Capitol East parking ramp

Madison’s Finance Committee approved a $1.9 million budget amendment to accommodate design changes and rising construction costs of a new public parking garage on the city’s near east side.

The Capitol East Parking structure will provide spaces for office and retail space tenants in Gebhardt Development’s eight-story Cosmos building, which includes a 2,500-person capacity music venue, and the Spark building, which will house American Family Insurance and StartingBlock Madison offices...

Originally, the garage plan consisted of approximately 450 spaces with the ability to expand to 600 spaces at an estimated cost of $13 million...