Omaha approves TIF funding for Hanscom Park apartment complex to replace silos

  • Omaha City Council voted 6-0 to approve more than $10 million in TIF funding for a project to replace silos with apartments in Hanscom Park
  • Most silos near 35th and Vinton will be demolished for a 230-unit, four-building apartment complex

BROADCAST TRANSCRIPT:

OMAHA, Neb. (KMTV) – The Omaha City Council voted 6-0 on Tuesday to grant more than $10 million in tax increment funding – or TIF – for a development project that will demolish most of the grain silos near 35th and Vinton in Hanscom Park and replace them with an apartment complex of about 230 units across four buildings.

The TIF funding was approved for a group of developers that includes Patrick Mason. He says that construction is planned to begin later this year, with a goal of completing the project in 2029…

Story continues

TRENDING NOW

LATEST LOCAL NEWS