86169
Authorizing the eventual forgiveness of $1,613,365 of debt held by Madison Ice Inc. for the Madison Ice Arena (725 Forward Drive) and Hartmeyer Ice Arena (1810 and 1834 Commercial Avenue), authorizing the termination of existing land contracts for both ice arenas with Madison Ice Hartmeyer, LLC and Madison Ice MIA, LLC (Madison Ice, Inc.), authorizing the fee simple sale of Hartmeyer Ice Arena to East Madison Ice Collective and the fee simple sale of Madison Ice Arena to Madison Ice, Inc. for $1, authorizing a fundraising requirement of approximately $3 million by East Madison Ice Collective for capital improvements to Hartmeyer Ice Arena, and authorizing additional terms related to the renegotiation of the City’s relationship to the ice arenas (District 12 and District 19).
What this record is
- Held by
- Madison Ice Inc
- Amount
- $3.00M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Economic Development Division
- Requested by
- FINANCE COMMITTEE
- Introduced
- November 19, 2024
- On agenda
- January 14, 2025
- Passed
- January 14, 2025
- Enacted
- January 21, 2025
- Enactment no.
- RES-25-00037
Where it was heard
COMMON COUNCIL COMMON COUNCIL FINANCE COMMITTEE ECONOMIC DEVELOPMENT COMMITTEE (ended 3/2026) COMMON COUNCILWatch what Madison buys
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