Developers hoping to build a tower filled with condos, offices and shops on an empty lot at 14th and Dodge Streets have cleared a hurdle with the City of Omaha.
Tuesday, the Omaha City Council voted unanimously to revise a tax-increment finance plan to include the new developer, Lanoha Development, and remove the Kansas-based Townsend Inc., which failed to build its proposed WallStreet Tower project.
The revised plan allows the city and Lanoha to begin working on a new redevelopment agreement. The company has said it hopes to build a tower up to 25 stories high, which would include several floors for parking, 10 to 15 floors of office space and three to five floors of condos. The project is estimated to cost between $50 million and $100 million.
Lanoha's tentative plan calls for up to $17 million in tax-increment financing. A final amount would need the City Council's approval.