OMAHA- Homeownership options are now likely to be included in the $554 million Crossroads redevelopment site. Condos seem to be at the top of the list of wants in the project. The Omaha Planning Board stated they know condos and similar homes are in high demand in the Omaha Metro, and the redevelopment plan‘s current residential options are only for rentals for apartments and senior living units which are additions to offices, retail, a hotel, entertainment, fitness facilities and a plaza space.
The addition of for-sale housing option would stand out as the only pieces that would not be owned by the developer. The Planning Board voted unanimously in favor of the plan and the developer's request for nearly $80 million in TIF-- the highest ever approved by the City of Omaha if accepted.
The incentive allows for future increased property taxes generated to pay for certain upfront development costs.
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