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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 historic Carnation Ballroom building into multi-tenant commercial space.
Don Seton from City Planning summarized the project and the planning department’s recommendation. Developer Ben Swan of Swan Development said the project aims to prepare the building to house multiple commercial bays with upgraded restrooms, HVAC, power and lighting. Swan described the building’s history as a performance venue on the Chitlin' Circuit and said the redevelopment seeks to ready the property for 21st-century commercial use.
Swan noted the project obtained a placemaking and infrastructure grant and that the developer had worked with multiple city boards (zoning board of appeals, planning board, building board of review) to ensure appropriate treatment of the historic property. The council voted to approve the TIF plan and motioned to move forward with the redevelopment assistance by roll call, 7-0.
The TIF approval supports restoration and tenant-readiness work; project representatives said phasing, tenant recruitment and detailed construction plans will follow earlier-stage approvals and grant disbursement.
