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| The Red Gym at UW-Madison (photo: James Steakley) | |
The University of Wisconsin System Board of Regents has approved an initial five-year agreement with Amazon Pickup Points to open a bricks-and-mortar location in the historic Red Gym at UW-Madison, the Milwaukee Journal Sentinel reported, adding: "Under the agreement, which has an option to renew for another five years, Amazon would pay a commission to UW-Madison on shipments for ZIP codes in the campus area, guaranteed to be at least $100,000 annually.... Actual commissions are expected to 'materially exceed' the annual minimum guarantee, according to a summary of the agreement."
Michael Lehman, UW-Madison's interim vice chancellor for finance and administration, said Amazon had told university officials it would find an off-campus location if the school was unable to provide one.
The Journal Sentinel also noted that the University Book Store on State St. in Madison "had tried to negotiate an agreement with Amazon to locate there, but it could not meet Amazon's needs, university officials said."