The compressed timeline for a city decision on the $200 million Judge Doyle Square project will likely be extended to Sept. 15, after Madison Mayor Paul Soglin recommended pushing back today’s deadline to give the city and JDS development more time to iron out several remaining issues.
The City Council is expected to heed the mayor’s recommendation, the Wisconsin State Journal reports, reflecting a similar opinion voiced by the city’s finance committee that the issues be resolved or the proposal delayed for two weeks.
The JDS Development proposal includes a 250,000-square-foot headquarters for Exact Sciences Corp. along with an additional 107,000 square feet for expansion, a 216-room hotel for Monona Terrace, commercial space, a bicycle center, and parking.
Exact Sciences has been pushing the city to sign off on the deal quickly, so it can begin construction on its new headquarters with an eye on moving in by summer 2017.
