Madison Redevelopment Commission Approves Four New Destination Madison Projects

PROJECTS TO BE COMPLETED BETWEEN NOW AND 2024

Madison, Indiana (November 2, 2022) – The City of Madison Redevelopment Commission approved $800,000 to support funding four new Destination Madison projects. The projects include the Madison/Hanover Connector Trail, the Ohio Theatre Façade and Marquee Restoration, the Riverfront Super Overlook, and the HMI/Bicentennial Parking Improvement project.

In July 2021, the city submitted a Destination Madison strategic plan to improve the quality of life in Madison and enhance our regional appeal. In September, the city was awarded $2.6 million in READI grant funds and received approval to fund two destination development projects; the Mulberry Street Corridor and the 421 Gateway project. Mayor Bob Courtney worked with the city's economic and redevelopment department to maximize the remaining grant dollars by focusing on shovel-ready projects.

“We are excited to announce the four new Destination Madison projects that will leverage Redevelopment Commission dollars 7.5 to 1 and create nearly $7 million in additional investment in Madison,” said Mayor Courtney. “Our continued focus on public-private partnerships has proven successful, and we are thankful to the Redevelopment Commission for their support of this investment in our community,” said Mayor Bob Courtney.

The four projects will utilize funding from the READI grant, the City of Madison Redevelopment Commission, the Southern Indiana Redevelopment Authority, the Indiana Department of Natural Resources Next Level Trails grant, the Friends of the Ohio Theatre, the Madison Riverfront Development Committee, and private fundraising.

The previously approved projects are anticipated to be completed by late spring of 2023. Three of the four new projects are estimated to be completed by late fall of 2023, with the remaining project anticipated to be completed in 2024. To stay up to date on Destination Madison projects, visit Madison-in.gov/DestinationMadison.

BELOW ARE THE FOUR PROJECTS THAT THE FUNDING WILL BE USED TO COMPLETE.

• Destination Madison Project Page

• The Ohio Theatre Facade and Marquee Restoration

  

  Partners: City of Madison, Southern Indiana Regional Development Authority, Friends of the Ohio Theater.

  Developer/Contractor: Designer, Ratio; Contractor, TBD

  Location: Located at 105 East Main Street, the Ohio Theatre can be viewed by anyone passing by. 

  Project Summary: The restoration of the deteriorated Ohio Theatre facade which includes the lighted marquee. Once completed, the theatre will once again have a fully lit marquee at night, remaining true to its original design and appearance. 

  Anticipated Project Schedule: Bids in Q 1 of 2023, and construction will be complete by end of 2023.

  Estimated Costs: $500,000

  Funding Sources: The Friends of the Ohio Theater, The Southern Indiana Regional Development Authority,  READI grant match through the Indiana Economic Development Corporation.

• Madison / Hanover Connector Trail - Phase 1

  

  Partners: Madison Heritage Trail Conservancy, City of Madison, Southern Indiana Regional Development Authority.

  Developer/Contractor: TBD

  Location: Beginning downtown branching off of the Heritage Trail, the trail will cross Crooked Creek and progress westward through Clifty Falls State Park on into Hanover, connecting with Hanover College, and ending at the Hanover Beach Hill Road. 

  Project Summary: This is a part of our 5-Year Parks Master Plan. In it's completion over multiple phases, the trail will be 6 miles in length, partnering with Hanover College, IKEC, the State Park, City of Madison and the Madison Heritage Trail Conservancy for property ownership. The trail will begin in downtown Madison and continue through the start of heritage trail, across Crooked Creek on a new bridge that will allow scene views of the historic railroad and continue on westward. This project will tie our downtown into the south entrance of Clifty Falls, allowing bicyclists and hikers to travel between the areas freely. This project also partners with the regional development authority's goal to have a world-class trails system in the 5-county region, connecting with trails that will extend into the Jeffersonville, Indiana and Louisville, Kentucky areas. 

  Anticipated Project Schedule: To be completed in 2024.

  Estimated Costs: 2.5 Million

  Funding Sources: The Southern Indiana Regional Development Authority,  READI grant match through the Indiana Economic Development Corporation, Indiana Department of Natural Resources Next Level Trails grant.

• Bicentennial Park Parking & HMI Lot

  

  Partners: City of Madison, Southern Indiana Regional Development Authority, Redevelopment Commission, Historic Madison Incorporated

  Developer/Contractor: TBD

  Location: The vacant parking lot between Poplar and Central Ave. on Vaughn Dr, and the empty lot just north of the parking lot running along Poplar. 

  Project Summary: This project is in partnership with the Historic Madison Inc. who gave us the lawn north of the alleyway on Poplar Street in our commitment to improve accessibility to and from that lot to the Shrewsbury House on First Street. This project conforms to all the requirements in this agreement. The parking lot will host 80-85 cars and golf cart parking lots, in addition to a passive lawn-park with a celebration of Madison's history of leadership and industry as this was the site of a former factory. This project was previously included in a park comprehensive plan, and we are excited to see this development happening now. 

  Anticipated Project Schedule: Design in Q 1 of 2023 and construction in Fall of 2023.

  Estimated Costs: $500,000

  Funding Sources: The Southern Indiana Regional Development Authority,  READI grant match through the Indiana Economic Development Corporation, Madison Redevelopment Commission

• Super River Overlook

  

  Partners: City of Madison, Madison Redevelopment Commission, Madison Riverfront Development Committee.

  Developer/Contractor: Designer, Land Consultants; Contractor, Teton

  Location: The old Regatta judges stand off of Vaughn Dr. at the foot of Mulberry Street along the riverfront. 

  Project Summary: The super overlook is broken into 3 phases of work: the landing, the seating, and the iron elevated stage. 

  Anticipated Project Schedule: Demolition has already begun on the old stage platform, and the project is hoped to be completed by mid-June in 2023. 

  Estimated Costs: 2.2 Million City contribution: $750,000 from Madison Redevelopment Commission.

  Funding Sources: Madison Redevelopment Commission, and Madison Riverfront Development Committee.