LINCOLN- Omaha officials say the city's downtown convention center will need renovations and new parking options within the decade. With that, Omaha is advocating for the passage of LB181, a bill introduced by Sen. Lou Ann Linehan, which would partially fund facility improvements by doubling the amount of arena financing incentive money the city can receive. This would amend the Convention Center Facility Financing Assistance Act to raise the cap available turn back tax from $75 million to $150 million.

The state turns back 70% of state sales tax from hotels and sales inside the facility to Omaha. The same tax has been used to fund the Pinnacle Bank Arena and the Ralston Arena. At the end of 2019, Omaha had received $38 million in state turnback taxes.

A hearing for this bill has not yet been scheduled.

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