State board grants initial approval for development of MATC Downtown campus


State board grants initial approval for development of MATC Downtown campus


A project that would convert the existing Madison Area Technical College`s Downtown buildings into a hotel and build a 10-story office building on the property received initial approval by a state board Wednesday.

A state board has offered its initial approval for Madison Area Technical College’s plan to lease its Downtown campus for a $130 million private development.

The Wisconsin Technical College System Board unanimously approved Wednesday the concept to convert MATC’s Downtown Education Center into a hotel, office building and retail space, bringing the proposal by Madison-based Hovde Properties and hotel developer Drury Southwest closer to an intended 2019 start date.

In May, MATC’s Board of Trustees voted to begin negotiations with the development team after it was selected from five finalists seeking to develop the block just off Capitol Square.


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Ken Notes: Get `er done...

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- - Volume: 5 - WEEK: 29 Date: 7/20/2017 8:44:00 AM -