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Council approves Saddle Creek Marketplace rezones and $9M TIF after heated neighborhood debate
Summary
The Omaha City Council approved rezoning and a $9,005,590 tax‑increment financing request for the multi‑phase Saddle Creek Marketplace redevelopment despite objections from nearby residents and questions about affordability and neighborhood outreach.
The Omaha City Council voted to approve rezoning, overlay changes and a $9,005,590 tax‑increment financing (TIF) request for the Saddle Creek Marketplace redevelopment, a five‑phase project that developers said will bring more than $100 million in private investment and 223 market‑rate housing units to the Saddle Creek corridor.
Developer counsel Robert (presenting for the applicant) told the council the project is intended to replace aging commercial property and add a 4‑story, 138‑unit apartment building in phase one alongside two levels of covered parking and about 60,000 square feet of anchor retail. "The total TIF request that we're asking for today is $9,000,000," the project presentation stated, and the team said additional EEA…
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