UP: Lake Point Condos. The Community Development Authority takes over the south-side condo project after the Milwaukee-based developer fails to make payments on a $2 million loan and abandons the project. Residents had complained that the developer failed to do maintenance or landscaping and did not do enough to market the 50 condos.
DOWN: Charter Communications. The cable company cancels its franchise agreement with the city of Madison, which brought in $419,000 annually. A new state law allows cable companies to apply for a statewide franchise, instead of negotiating individual deals with municipalities. This means Madison City Channel and WYOU will likely be moved to three-digit channels, instead of staying on Channel 12 and 4, respectively.