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OMAHA — Twenty-three Omaha redevelopment projects boosted by $129 million in tax-increment financing were approved last year by the governing body of Nebraska’s largest city. It wasn’t a record year for the often controversial economic revival tool, known as TIF. In the previous year, the City Council approved about $160 million in tax-increment financing for […] The post Omaha officials last year gave green light to 23 projects that represent $129M in TIF loans appeared first on Nebraska Examin

“The property has been sitting vacant for a long time. We get to put it back to a productive use. It helps support the surrounding land uses,” city planner said.

“The property has been sitting vacant for a long time. We get to put it back to a productive use. It helps support the surrounding land uses,” city planner said.

The Omaha City Council has given the green light for construction of a $72.5 million residential, retail and business complex in the historic heart of North Omaha.

The Omaha city council approves a major investment in North Omaha. Supporters of the 24th and Lake redevelopment plan say the project will continue the revitalization efforts in the corridor.