City Council advances $18.7M land purchase and paves way for $25M stadium revenue bond authorization

The Omaha City Council heard presentations on a proposed city acquisition of property at 1101 Izzard and initial authorization for up to $25 million in stadium revenue bonds to support a mixed‑use redevelopment anchored by a proposed professional soccer stadium. City Law Department attorney Jennifer Taylor summarized the purchase terms and the planned 90‑day due diligence window, including surveying and environmental review, and said the $17 per square foot list price incorporates anticipated remediation costs.

Representatives from Downtown Soccer Stadium Inc. and developer teams described a conceptual district that would include a stadium, mixed‑use residential buildings with ground‑floor retail and support infrastructure. David Levy, counsel for project proponents, presented renderings and said the district concept could include a stadium footprint, approximately 6–10 acres of mixed‑use development and city‑controlled parcels to support…