UPDATE: MADISON (WKOW) -- The Madison City Council passed the Judge Doyle Square project in a 12 to six vote early Wednesday morning. The motion passed at 3:15 a.m. after nearly nine hours of questions, comments and debate in a special council meeting. The two-block area downtown includes the Madison Municipal Building and the East Government parking garage. The development plan would cost a total of about $200 million, with about $47 million coming from the city, the rest coming from the developer. The plan includes building a 250,000 square feet headquarters for Exact Sciences, a 216 room hotel and about 30,000 square feet of retail space. There will also be public and private parking spaces. Supporters of the project, including Mayor Paul Soglin, say it will boost the downtown economy and create jobs. Opponents say it's too risky for the city to invest in. The meeting began with the council questioning the project negotiating team, followed by public comment. The project development team and Exact Sciences also had the opportunity to speak, followed by debate among the city alders and mayor. According to the mayor's office, the six no votes included Alder Schmidt, Alder Palm, Alder Ahrens, Alder Baldeh, Alder Kimball and Alder Rummel. Alder Cheeks and Alder Zellers were not in attendance. Exact Sciences would like to break ground by the end of the year and occupy the new office space by mid-2017.
Not like Field Reps will enjoy it, because they won't be here. MDR reps will take over their offices. This person gets it. Sadly the people of Wisconsin will get screwed. Some of those opposed say investing in a biotechnology company, like Exact Sciences, is too risky. "Contrary to what some might think, exact sciences is not a sure bet," said Mark Shahan, who opposed the project. "They actually still have a high risk of failure. What should be most worrisome is if exact sciences doesn't succeed, hotel might not happen. The project needs revenue from exact sciences to make the development wo
Interesting... If they go tits up they will Bring Madison on its knees..... Seen this in factory towns towns.. These guys take tax credits then cant make money and close down- hope thats not the case and they pull it off- highly skeptical.. super over zealous with a hotel..haha This isnt cleveland clinic for christ's sake.. Lets add an intercontinental and a few others marriot courtyards/starwood to be cool- its pompus to me for a small startup- prove me wrong EXAS because I own stock..dumb.. Things that go fast shine pretty bright- but tend to die out the quickest...Get small #s of kits processed/analyzed to bill out for - they spend way more than they make.. Analyze the stock!!! Those pipeline dreams are years away... Super dreams right I admire! Lung alone is minimum 5 years plus.. The rest will take roughly 8-10 years to trial, develop, bring to market on a perfect day.. Smoke and mirrors? Or yes I agree- will they centralize sales to mdrs, leave KAMS and AMs... PMRs can only make peanuts off stock on a good day vested ... It was a lure.. Good luck though!!
Why do we need a new corporate office, we arent expanding that fast? Look at the stock also.. i only see poop and mounting debt on the horizon of Madison. Should have stayed in a biotech hub not the midwest
