City Council approves Carnation Place redevelopment project financing in $2.4M investment

The Omaha City Council has taken a significant step towards revitalizing a historic building in the community by approving a tax increment financing (TIF) redevelopment project plan for Carnation Place. The council voted unanimously, 7-0, to support the project, which will see an investment of approximately $2.4 million into the rehabilitation of the landmark structure located at 2711 North 24th Street.

City Planning representative Don Seton presented the project, highlighting its potential to transform the building into a multi-tenant commercial space. The TIF support of $216,638 is aimed at facilitating this redevelopment, which is expected to enhance the local economy and provide new business opportunities in the area.

This decision reflects the council's commitment to preserving Omaha's historical sites while promoting economic growth. The Carnation Place project is anticipated to not only restore a significant piece of the city’s heritage but also to attract new businesses and create jobs, ultimately benefiting the residents of Omaha.

As the project moves forward, community members can look forward to seeing the positive impacts of this investment in their neighborhood. The council's approval marks a crucial step in the ongoing efforts to revitalize and enhance the city’s commercial landscape.