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Council designates area around 70th and Mercy as community redevelopment area for potential TIF use
Summary
The council designated part of a census block near 70th and Mercy as a community redevelopment area after staff presented a study showing criteria under state law were met; the designation allows tax‑increment financing to be used for eligible projects within the area.
The Omaha City Council voted 6–0 to designate a portion of the city near 70 Second and Mercy as a community redevelopment area (CRA), enabling the use of tax‑increment financing (TIF) for redevelopment projects within the designated boundary.
Why it matters: A CRA designation is a prerequisite under Nebraska state law for TIF assistance. City planners recommended the designation based on analyses of income, unemployment and building age, and the designation was supported by the City Planning Board and the TIF Committee.
Staff presentation: Don Seaton of City Planning said the city launched a CRA…
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