The proposed redevelopment of Crossroads Mall has hit another snag: The developer’s application for tax-increment financing is “deficient,” according to the Omaha city attorney.
City Attorney Paul Kratz wrote a July 14 letter to developer Rod Yates detailing seven missing or incomplete items.
Yates said he intends to submit the additional items by the next monthly deadline, which is Aug. 14. He has notified the city that one of the items, an appraisal of the final valuation of the project, should be available this week.
It’s the latest delay for the project to the northwest of 72nd and Dodge Streets, which has been in the works for more than six years.
Earlier this month, Mayor Jean Stothert said she had signed a nonbinding written agreement with Yates detailing $64 million in city incentives for a $233 million project.
A few days later, on July 10, Yates submitted his TIF application for the site. It had a new plan: a half-billion-dollar, 2-million-square-foot development with apartments, shops, office space, a gym and two hotels. The latest plan would include $64 million in TIF alone and $118 million total in city incentives.
Last week, Kratz sent Yates the letter saying that the application was incomplete.
He said it was missing several items: Proof of site control, commitment letters of financing from financial institutions, organization documents and financial statements for Yates’ Main Street Partners LLC and an appraisal that details the final valuation of the project.
He also said the application needed to beef up its return on investment analysis and cost benefit analysis.
Yates said earlier this month that he wants to get started on the project.
“We’re all ready to make this happen, ” Yates said.
But Stothert has expressed doubt about whether he’ll move forward, and she noted that some of the deadlines in this year’s nonbinding agreement have already passed.
World-Herald staff writer Paige Yowell contributed to this report.
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August 1946: The site of the future Crossroads Mall, looking east on Dodge Street from Papio Creek.
The West Lanes Bowlatorium at 151 N. 72nd St. in Omaha in 1955. Crossroads Mall had not been built across the street at that time.
An artist's concept drawing of Crossroads Mall in 1959.
Mr. and Mrs. Pat Davis with Susan, 4 months, and Kelly, 17 months, shopping at the new Crossroads Mall in June 1961.
June 1961: Donald Peterson doing a push button check at the control board for power in the boiler room at the Crossroads Mall.
Landscaping at Crossroads Mall in June 1961.
The Sears store at Crossroads Mall in 1961.
June 1961: Shoppers at the Crossroads arcade, where 24 stores lined the air-conditioned mall anchored by Brandeis and Sears, Roebuck and Company. The mall, on 72nd and Dodge Streets, opened in 1960 by Brandeis Department Store.
A smiling Superman, a skeleton and even a masked fairy princess are among the goblins from Hillside School visiting Crossroads Mall in 1962.
Shoppers at Crossroads Mall in January 1965.
Shoppers at Crossroads Mall in January 1965.
July 1965: Concrete breaking for new Brandeis Tire Center at Crossroads Mall. Bill Mager, Omaha area manager for Abel Corp.; S.J. Marchese, manager of Brandeis Crossroads; and John Diesing, VP of Brandeis.
Officer Hap Bolan dusting for fingerprints after a robbery at Crossroads Mall November 1966.
Shoppers at Crossroads Mall in July 1966.
Gale Sayers signs autographs at Crossroads Mall in Omaha on April 22, 1967.
Debbie, 7; Sherrie, 6; Trip, 4; and Kristie, 2, await Santa in the Crossroads parking lot. Their mother, Mrs. Tom Blair, was nearby. The photo was published Nov. 17, 1968.
The "Circus Joys and Christmas Toys" parade at Crossroads Mall in November 1971.
Curt Collins, 4, talks with Santa at Brandeis' Crossroads store. The photo was published Dec. 20, 1972.
November 1972: Balloons, ranging in length from 60 to 125 feet, are to be sent aloft as part of Crossroad Shopping Center's balloon parade. James Moore of Indianapolis worked at inflating the balloons, a task that took approximately an hour per balloon. The parade went north on 78th to Cass Street and east on Cass to the Crossroads entrance at 74th Street, then moved to the south side of the center, where the balloons were on display for the weekend.
Tornado cleanup volunteers sign up at the Crossroads and are formed into crews, then transported by bus to the work areas on May 14, 1975.
A Brandeis art feature at Crossroads Mall in September 1978.
Shoppers crowd into the downtown Brandeis store in September 1980 for the start of the final closing sale. J.L. Braindeis and Sons had announced earlier that it would close stores in downtown Omaha and Lincoln and smaller stores in north Omaha and Columbus, Nebraska, by the end of 1980. The company planned to refurbish stores in Crossroads and Westroads Malls.
A woman walks through the Crossroads parking lot for some last-minute shopping on Christmas Eve of 1981.
Brandy Klabunde, 8, shops for toys at Youngtown in Crossroads. The photo was published Dec. 20, 1981.
Nov. 18, 1984: Stephanie Goodrich of Omaha getting in the Christmas spirit at the Brandeis Crossroads store, browsing through the display of holiday decorations.
Husker Fans watch Nebraska's 7-3 win at Oklahoma on the big screen at Crossroads Mall on Nov. 19, 1988.
Ashley Vlven, 2, reluctantly meets Santa at Crossroads in November 1988. Ashley was at the mall with her mother, Dee Vlven.
WOW Radio held a Great American Kiss-Off event at Omaha's Crossroads Mall in 1992. Six couples locked lips at 6 a.m. for a kissing marathon that lasted until early that afternoon. Linda Lawless of Council Bluffs needed a little help reaching partner Larry Shephard of Nebraska City. The other couple in the photo are Larry and Lisa Whiting of Council Bluffs, left, and Heather Schwarz and James Hamm of Omaha, right.
The exterior of Crossroads Mall is seen in 2004.
Crossroads Mall at 72nd and Dodge Streets is seen in March 2014.
Crossroads Mall at 72nd and Dodge Streets is seen from above in March 2014.
The final setup for the Opera Omaha gala on Jan. 16, 2015, at Crossroads Mall in Omaha.
A dancer performs under a stream of water during Opera Omaha's preview of John Adams' "A Flowering Tree" at Crossroads Mall on Jan. 16, 2015.
Bob Lohman of San Diego performs in front of a small crowd at the Douglas County Fair inside Crossroads Mall on July 21, 2016.
Correction: An earlier version of this story incorrectly stated the size of the development.