Mon March 17, 2014
City Council to vote Tuesday on removing Crossroads Village bonds
Omaha voters might not be asked in May to approve bonds for the Crossroads Village project.
An item on Tuesday’s Omaha City Council agenda would remove the $50 million in Crossroads Village bonds from the May 13th agenda. The item needs City Council approval. Council members voted late last month to put the bond issue on the ballot.
The bonds would pay for infrastructure related to the $400 million Crossroads Village. In a news release, Mayor Jean Stothert says she believes the financing plan needs to be re-evaluated, and the city needs additional information.
According to the news release, an economic and fiscal impact study is ongoing.
Crossroads Village will be a mixed-use development with retail, dining, a hotel, and living space. It’s scheduled to open in the summer of 2016.