Business
2:28 pm
Thu January 30, 2014

Crossroads redevelopment project could begin this summer

Construction could begin later this year on Crossroads Village in Omaha.

Mayor Jean Stothert and the developers of Crossroads Mall signed a memorandum of understanding Thursday. Plans are for Crossroads, at 72nd and Dodge Streets, to be a mixed-use development.

In a news release, Mayor Stothert’s office says plans for Crossroads Village include apartments, office space, green space, a hotel, and retailers.

Next week, a resolution will be on the city council agenda for the city to borrow $50 million for the Crossroads project. If approved by the city council, the bond issue would be on the May ballot. Stothert says it won’t raise property taxes.

The $400 million Crossroads Village project is scheduled for completion in 2016.