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Madison up, Overture Center down

January 8, 2009

3:00 PM

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UP: Madison. Our fair city ranks No. 1 on

DOWN: Overture Center. The nonprofit Overture Development Corp., which owns the downtown arts center, has proposed a complex deal in which it would give the building to the city of Madison for $1. The deal would retire about $28 million in debt and allow the Overture to stop paying $500,000 a year to the city in lieu of taxes. Not doing so could force the building into foreclosure. Mayor Dave Cieslewicz has said he's not interested.

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