The City of Lincoln is poised to approve a redevelopment agreement next week that will provide $7.4 million in tax increment financing (TIF) to the $57 million project. The project will consist of 92,500 square feet of residential space, 15,000 square feet of office space, 49,500 square feet of retail space and a 110-room hotel. The TIF money will be used for various public components of the project. The most interesting of these will include a public gathering place, a large outdoor screen for entertainment purposes, and a year round public market.
The proposed project is located immediately to the west of Lincoln’s Haymarket district.
You can access a complete copy of the proposed redevelopment agreement at the Lincoln City Council’s website.