New Markets Tax Credit Coalition

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One City Broadway

Investment

  • NMTC Amount: $19,500,000
  • Total Project Cost: $20,104,693

IMPACT

  • 110 FTE jobs
  • 142 construction jobs
  • 157,000 sq. ft. of real estate

Project Description

Acquisition, rehabilitation and expansion of a former office facility to serve 888 K-12 students through the One City nonprofit public charter elementary and secondary education programs in a severely distressed neighborhood. One City was created by the residents of its low-income community in South Madison, Wisconsin with a goal to implement a demonstration educational model based on interventions, moving beyond the traditional school model. One City offers students an extended day of enrichment, including co-curricular learning experiences in which many of the school’s parents would not have the financial means to enroll their children without One City as a resource. Additionally, healthy meals, wellness, early college and culturally competent curricula are part of One City’s innovative programming.

MAP

Address: 1707 West Broadway, Madison, WI 53713

Census Tract: 55025001502

Other Wisconsin Projects

Marshfield Clinic Health System expanded its existing Minocqua Center through the construction of a 72,000 sq. ft. hospital.
Finances the development and construction of two office buildings for SHINE Medical Technologies that will complement SHINE’s production facility currently under construction.
NMTC financing supported a mixed-use project that included the Beaver Dam Community Food Pantry.
Financing for dairy production upgrades helped retain and create jobs, drive investment to future projects to increase profitability, and return equities to members while retaining the proper equity base.