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Board holds public hearing on Creighton bond issuance; approves Elkhorn liquor license for Still Country LLC
Summary
The board held the federally required public hearing for proposed industrial development revenue and refunding bonds to benefit Creighton University (no action taken pending future resolution) and approved a Class C liquor license for a Still Country LLC location in Elkhorn.
The Douglas County Board of Commissioners opened a federally required public hearing on March 25 about a proposed issuance of industrial development revenue and refunding bonds to benefit Creighton University and separately approved a liquor-license application for a new Still Country LLC location in Elkhorn.
Josh Meyer of Kutak Rock said the hearing on the Creighton financing is a procedural step required under federal tax law and that the county would not take final action at the March 25 meeting; the board will consider a formal resolution to authorize the bonds at a later meeting. Meyer summarized that the not-to-exceed principal amount is $150 million and the proposal includes a refunding component of about $91.325 million and a new-money component to finance a new student housing project on Creighton’s campus.
"The action today is not actually by the board yet. We just need to hold the public hearing pursuant to federal tax law," Meyer told commissioners. He said the formal resolution to issue bonds would be offered in two weeks.
On a separate public hearing, the board heard from attorney David Houghton on behalf of Still Country LLC, which plans a 12,500-square-foot location at 5606 S. 200th and Fourth Avenue in the Elkhorn area (the applicant said the site is outside Omaha city limits). Houghton said the business will operate 8 a.m. to 10 p.m. daily and requested a Class C license for on- and off-sale of beer, wine and spirits with a manager application for Aaron Weiss.
Commissioner Paul Borgeson moved approval of the liquor license; Commissioner Morgan seconded. The board voted 7–0 to grant the Class C liquor license.
Why it matters: The Creighton hearing starts a required federal review process for a conduit bond issuance that could refinance existing debt and finance new student housing; the public hearing is a procedural requirement and does not authorize issuance. The liquor-license approval clears the regulatory step for a new restaurant and retail operation in the Elkhorn development area.
