Award of $670,000.00 with the objective to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development,…

This Cooperative Agreement award of $670,000.00 from the U.S. Department of Transportation's Immediate Office of the Secretary was made under the Asset Concessions and Innovative Finance Assistance program (CFDA 20.945). The objective of the award is to facilitate and evaluate public-private partnerships in which the private sector partner could assume a greater role in project planning, development, financing, construction, maintenance, and operation, including by assisting the City of Madison in entering into asset concessions. The key activities to be performed include an asset scan to identify opportunities for transit-oriented development, with expected outcomes including an asset scan report, quarterly reports, and other agreement deliverables. The award has a performance period from January 6, 2025 to January 5, 2028.

Activities

Asset scan to identify opportunities for transit-oriented development.

Expected outcomes

(asset scan report, quarterly reports, agreement deliverables.

Intended beneficiaries

Commuters of madison