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Council approves up to $6.5M in TIF for Oxworth Apartments; debate centers on affordability and remediation
Summary
The council approved a tax-increment financing package for the 94-unit Oxworth Apartments in the Leavenworth corridor, prompting debate over market-rate rents, environmental cleanup and historic preservation.
The Omaha City Council voted unanimously to approve a tax-increment financing (TIF) redevelopment plan for the Oxworth Apartments, a proposed residential infill project on the former Alameda Dairy site on Seventh and Leavenworth streets. The redevelopment plan allows up to $6,511,697 in TIF support for a $43 million, 94-unit market-rate apartment building, the city said.
Why it matters: The project reclaims a long-vacant, environmentally challenged parcel in the urban core, preserves an historic cold-storage warehouse as community space and adds density in a transit-oriented corridor — but it drew concern from residents and at least one councilmember over the absence of affordable units in a market many described as having a shortage of lower-cost housing.
City Planning’s Don Seaton told the council the…
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