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Investors save Edgewater, offer developer millions the city refused to give

Developer Robert Dunn is forging ahead with a $98 million rebirth of the historic Edgewater hotel, but with no public financial assistance and a new investment by a group including philanthropists W. Jerome Frautschi and Pleasant Rowland. Dunn, resurrecting the most controversial, polarizing development project in years, intends to follow plans approved by the city two years ago and break ground this fall. Dunn intends to get a building permit, break ground for the Downtown and campus-area attraction on UW-Madison’s homecoming weekend Oct. 26, and finish the project in the late spring of 2014.