OMAHA- The grand vision to create an entertainment and shopping district with regional drawing power between Omaha and Lincoln is seemingly moving forward after the Nebraska Department of Economic Development received an application to create a Good Life district in the area surrounding the popular Grenta shopping center Nebraska Crossing.
During the last legislative session, state lawmakers passed the Good Life Transformational Projects Act, which will allow the creation of such districts for the purpose of economic development. Districts approved by the department, and designated as a 'Good Life' district, will receive a reduction in state sales tax from 5.5% to 2.75% for sales made within its boundaries.
Nebraska Crossing owner Rod Yates testified last spring as a proponent of the bill, and described to lawmakers his vision for transforming the area around Interstate 80 into a regional entertainment, dining, and shopping destination. More specifically, Yates outlined a plan to assemble 1,000 acres around the current Nebraska Crossing site for a project that he said could attract as many as 15 million annual visitors.
For the full article click HERE