Commission endorses sale of future Amtrak station building for $10M

The State Building Commission voted Wednesday to endorse the sale of a former state office building at 1 W. Wilson St. to the state’s preferred buyer, Landmark Development Services Company LLC, for $10 million.

The sale now advances to the Legislature’s budget committees, where approval would begin a property closing process with Landmark Development. 

Landmark plans to redevelop the building, which could become the future site of an Amtrak train station serving a western extension of the Hiawatha rail line that would connect Madison and Milwaukee.

Commissioners approved the sale for $10 million even though it is considerably less than two appraisals that estimated the fair market value of the property at $16.5 million and $20.9 million.

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RSK: Sounds like a good find a real bargain. Hoping it all works out

Ken Notes: I should really get a "finders fee", I have been advocating the development of this iconic property for over 10 years now.