Tuesday, November 3, 2015 - The Daily Cardinal

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University of Wisconsin-Madison

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Tuesday, November 3, 2015

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gettin’ off the hook

‘The Rocky Horror Picture Show’ +ARTS, page 5

+ALMANAC, page 2

Exact Sciences CEO opts out of Judge Doyle Square deal By Phoebe Kiekhofer THE DAILY CARDINAL

In light of Exact Sciences’ recent financial struggles, the company’s CEO Kevin Conroy announced Monday he will no longer run the biotechnology company in downtown Madison. The company, which specializes in early detection and prevention of cancer, will instead have its headquarters located in University Research Park. In October, the city of Madison announced a $200 million redevelopment project downtown including a corporate headquarters for Exact Sciences located on Judge Doyle Square. Shortly after the project was announced, the stock price of Exact Sciences plummeted more than 50 percent after the company’s main product, Cologuard, was not included on the U.S. Preventive Services Task Force’s list of recommended screening tests for colon cancer. Madison Mayor Paul Soglin assessed the economic costs and benefits of moving forward with the new headquarters in a letter sent to Conroy Oct. 14. He questioned whether Exact Sciences would still fulfill its promise of bringing jobs

and economic growth to downtown in light of the decrease in stock price. Conroy’s response released Monday announced the company would be instead located in University Research Park, but expressed optimism about the relocation in the face of the company’s financial burdens. “The opportunity to develop a campus allows us to bring our team together and make a prudent investment that benefits the company and community for the long term,” Conroy said in the release. Exact Sciences currently employs over 400 people, most of whom are UW-Madison graduates. Chancellor Rebecca Blank responded positively to the relocation, reflecting the partnership between the university and Exact Sciences. “I’m pleased that, through University Research Park, UW-Madison is able to help the city and Exact Sciences find a solution that keeps the company in Madison,” Blank said in a Monday release. “We look forward to continuing to partner with Exact Sciences on workforce development and lifesaving research.” Soglin said the city will review other development plans for Judge Doyle Square.

KATIE SCHEIDT/THE DAILY CARDINAL

The Madhatters bar pled no contest to multiple counts of exceeding capacity in 2013 and 2014.

Madhatters bar faces suspension of liquor license from city officials By Negassi Tesfamichael THE DAILY CARDINAL

The well-known Madhatters bar could soon close its doors after multiple incidents of selling alcohol to underage patrons, as well as exceeding legal capacity. Bar owner Ted Gervasi and other representatives for Madhatters, located on the 300 block of West Gorham Street, failed to show up at a special disciplinary meeting with the city’s Alcohol License and Review

Committee Monday. Gervasi told Ald. Mike Verveer, District 4, that he was not told of the special meeting, which has since been rescheduled for December. Verveer stressed that Madhatters has learned from its actions and is still a safe business “I don’t want to give the negative perception that Madhatters is unsafe or running a disorderly establishment,” Verveer said. “The charges relate to prior years, and there is nothing from this

year, when much of the staff, including the managers, have turned over.” Madhatters pled no contest to 18 counts in a complaint filed in the Madison Municipal Court Aug. 6, while 13 other counts were dismissed. In September 2013, Madison police found the establishment to be at 36 percent over the 256-person legal capacity.

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Madtown Hopper driver attacked by knife-wielding man Saturday

State funds for climate change research sponsor criticized

Madison police arrested a 25-year-old man for disorderly conduct after he attacked a Madtown Hopper driver early Saturday morning. Lahcen A. Martinez jumped into the parked, open-air vehicle, which was parked on the 400 block of North Frances Street, according to an incident report by Madison Police Department Public Information Officer Joel DeSpain. Martinez punched the 21-year-old female driver, who was restrained in her seatbelt, and tried to throw her out of the vehicle after putting a hand over her mouth.

State Treasurer Matt Adamczyk condemned the Board of Commissioners of Public Lands’ use of interest earnings toward UW-Madison’s Nelson Institute for Environmental Studies in a Monday press release. The BCPL manages roughly $1 billion worth of investments in acres of Wisconsin land and a trust fund which distributes educational grants throughout the state, including the Nelson Institute since 2009. According to Adamczyk, who oversees the agency, the trust is prohibited from distributing funds to any institution except the state’s teaching schools. “In my opinion not only is this unconstitutional, but also improper,” Adamczyk said in the

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By Lucas Sczygelski THE DAILY CARDINAL

MORGAN WINSTON/THE DAILY CARDINAL

The Nelson Insititute for Environmental Studies at UW-Madison has been receiveing interest earnings from the BCPL since 2009.

release. “This money should be given as general aid to the UW System or designated for teacher training as prescribed in the state Constitution.” Paul Robbins, director of the Nelson Institute for Environmental Studies, said in an email, however, that state law requires $100,000 of the BCPL trust fund be awarded each year by the institute in the form of need-based scholarships for environmental studies students. “We are enormously proud of the governor and legislature’s commitment to science training and workforce development in Wisconsin through these scholarships,” Robbins said in the email. Adamczyk said in the release he

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“…the great state University of Wisconsin should ever encourage that continual and fearless sifting and winnowing by which alone the truth can be found.”


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