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Council approves up to $827,591 in TIF for South Omaha Global Market renovation
Summary
The council approved a tax-increment financing allocation of up to $827,591 to support redevelopment of a vacant South Omaha building into a food-business incubator and indoor market.
The Omaha City Council approved a tax-increment financing (TIF) request of up to $827,591 to support rehabilitation of a vacant commercial building at 5125 South 20th Street into the South Omaha Global Market, a food-business incubator and indoor market.
Don Seton of City Planning described the project as a roughly 18,000–19,000-square-foot building rehabilitation that will create a business incubator for…
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