New Markets Tax Credit Coalition

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Novation Campus

The Novation Campus is a 62-acre commercial development in Madison, Wisconsin.

Investment

  • NMTC Amount: $5,000,000
  • Total Project Cost: $10,000,000

IMPACT

  • 165 FTE jobs
  • 325 construction jobs
  • 69,154 sq. ft. of real estate

Investor

Project Description

The Novation Campus is a 62-acre commercial development in Madison, Wisconsin. Once a brown field and construction landfill, the land is the last undeveloped space adjacent to a major beltline interchange. The plan calls for 400,000 sq. ft. of retail, office and flex space during the campus’ first phase. The project transforms two blighted landfills into an economic engine and create additional tax base for the municipality. There is state supported remediation of the landfill and the Madison Area Technical College job training center is operated out of one of the buildings. The Town of Madison provides $3 million toward infrastructure to support the project and the surrounding neighborhood by widening and extending existing roadways, installing pedestrian friendly street lighting, sidewalks, bike paths, a new bridge and considerable streetscape enhancements.

MAP

Address: 145 East badger road, Madison, WI 53713

Census Tract: 55025001502

PDF Profile

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