Local Government Update: Highlights from Madison’s Special Called City Council Meeting (July 29, 2026)
Posted on 07/29/2026
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The City of Madison held a Special Called City Council Meeting on July 29, 2026 focused on two major economic items: hotel development in Old Town and local hospitality tax adjustments.
🏨 Major Commercial & Economic Development Updates
Development Agreement for New Hotel Project (Res. 2026-257-R):
What it is: The City Council discussed authorizing a comprehensive Development Agreement between the City of Madison, Madison Hotels VI, LLC, and Old Town Investments, LLC.
Why it matters for REALTORS®: This agreement marks a key step forward for commercial expansion in and around Madison’s Old Town district, reflecting continued confidence in local tourism, business travel, and mixed-use commercial vitality.
🪙 Local Tax & Revenue Adjustments
10% Lodging Tax Rate Amendment (Ord. 2026-247):
What it is: Discussion and progression of proposed Ordinance No. 2026-247, which amends Section 10-224 of the Madison Code of Ordinances to set the city’s lodging tax rate at 10% (following its first reading on July 27).
Why it matters for REALTORS®: Lodging tax revenue directly supports municipal services, infrastructure, and local economic development funds that maintain high property values and support commercial corridors across the city.