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Council approves $216,638 TIF for Carnation Place historic redevelopment
Summary
The council approved a tax-increment financing (TIF) redevelopment plan for the historic Carnation Place building with a subsidy amount up to $216,638 to support comprehensive rehabilitation into multi-tenant commercial space.
The Omaha City Council approved the Carnation Place tax-increment financing redevelopment project plan, authorizing up to $216,638 in TIF support for rehabilitation of the locally landmarked building at 2711 North 24th/20th Street. City planning staff and developer representatives described the project as a comprehensive rehabilitation that will adapt the…
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