The Madison Common Council adopted Preliminary Economic Revitalization Area Resolution 2026-4C supporting a new hotel development by Clifty Madison LLC at 410–412 Clifty Drive, with an estimated $15,000,000 in real property investment and approximately 57,899 square feet of building area. The action designates the parcels as an Economic Revitalization Area and grants a six-year real property tax deduction schedule, backed by a hotel development analysis prepared by Reedy Financial Group projecting $190,000 per year in TIF revenues at full buildout. This signals that the hotel project is moving forward into design, construction, and eventual operations, but no construction, FF&E, technology, or professional service vendors are named yet. The 14‑month construction assumption and multi‑year TIF cashflow projections indicate a substantial pipeline for architects, engineers, contractors, hotel technology providers, and operations consultants to pursue work with the developer and coordinate with the City on infrastructure and compliance. Vendors can position offerings around hotel design, site improvements, permitting support, and long‑term facility systems aligned with the City’s redevelopment goals.

Tax abatement percentages are 100% in first full assessment year and 50% in years 2–6; estimated TIF...