The Town of Madison (“Town”) is seeking qualified parties (a “Respondent”) to submit an Expression of Interest (the “Proposal” or “EOI”) for the development of the Academy School building located at 4 School Street in Madison, CT (the “Academy” or “Building” or “Site”). The Academy Building is an historic building in a prime location in the center of downtown Madison, approximately 250 feet east of the historic Madison Green and one block west of Madison’s vibrant central business district along the Boston Post Road/Route 1. The location offers excellent access to existing shopping, dining, recreation and entertainment options, and many Town amenities. It is also easy to reach by way of a downtown street and sidewalk network, the interstate highway (I‐95), River Valley & CT Transit bus service, and Shoreline East rail service, and has the potential to be incorporated into a Transit-Oriented District (“TOD”). This Expression of Interest is intended to encourage and allow each Respondent the flexibility to propose a use of the Building (the “Proposal”) that will be beneficial to both the Respondent and the Town. Potential transaction structures may include lease of the underlying land and adjacent parking facility, acquisition of the Building, partial demolition of the Building, or expansion of the existing footprint, but should NOT include the purchase of the underlying land or the balance of the 5.13 acre parcel. The portion of the parcel that is currently being used for Town athletic fields is not being considered for further development at this time. While the Town is seeking to minimize Town funding for the development and is looking to create opportunities for future tax revenue, it is open to exploring public/private partnerships that meet Town development objectives outlined in this EOI. Academy is a public asset and any proposed transaction recommended by the Board of Selectmen would be presented to the residents for a public vote through either a Town Meeting or referendum. Respondents are invited to submit their qualifications and site‐specific redevelopment project visions for consideration by an evaluation team that will include the Madison Board of Selectmen (“BOS”) and other Town officials. As more particularly described under the Proposal Requirements, the proposal should include information regarding the project vision, project economics and key personnel, the technical expertise of the Respondent’s current staff, and the Respondent’s experience in undertaking similar projects.
