The city of Madison is considering the purchase of land on its south side as part of an ongoing effort to revitalize the area, according to a report from the Wisconsin State Journal.
The city is looking to buy parcels totaling 4.9 acres at 1800, 1802, and 1804 S. Park St. that now hold All Metals Recycling. Under the proposal, the city would purchase the land for $3.76 million and then use another $2.6 million to assist All Metals Recycling with the purchase and relocation to a new site at 5651 Tradesmen Drive on the southeast side.
The city’s purchase of the three properties would allow neighboring Heifetz Park to expand and provide opportunities to create low-cost housing.
