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Council approves $6.51 million TIF for Oxford Apartments, developer pledges historic reuse
Summary
The City Council approved tax-increment financing up to $6,511,697 for the Oxford Apartments, a proposed $43 million, 194-unit market-rate project on an infill site near 26th–27th and Leavenworth; developers plan to retain and renovate a former Alameda Dairy building and to remediate contaminated soils.
The Omaha City Council on Jan. 14 approved a redevelopment plan providing tax-increment financing (TIF) of up to $6,511,697 for the Oxford Apartments, a proposed 194-unit apartment building near 26th and Leavenworth Streets.
Why it matters: The developers described the project as a $43 million investment on roughly 1.6 acres that reuses the historic Alameda Dairy cold-storage building as community space and addresses significant environmental remediation needs on the former dairy site. The council approved the project unanimously, 7–0.
Project detail…
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