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Council approves $48.2 million TIF plan for downtown soccer stadium; project depends on $25 million state 'turnback'
Summary
The City Council unanimously approved a redevelopment plan and TIF allocation up to $48,214,614 for a proposed downtown soccer stadium and mixed‑use project. City officials stressed the project's reliance on a $25 million state turnback allocation and noted site environmental restrictions and a $10 million remediation/contingency component.
The Omaha City Council voted 7–0 to approve a redevelopment plan that includes up to $48,214,614 in tax‑increment financing for a proposed downtown soccer stadium and mixed‑use project on a more than 20‑acre parcel currently owned by Union Pacific Railroad.
David Levy, legal counsel representing Union Omaha and Downtown Soccer Stadium, Inc., told the council the parcel is a single legal site where several phased projects will be located: the stadium, a combined sewer overflow (CSO) grit‑screening facility required for Clean Water Act compliance, and a connector road to improve north–south access. Levy said the city is accelerating CSO design work so federally required infrastructure can proceed regardless of the stadium schedule.
Levy and city…
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