OMAHA, Neb. (KMTV) — Construction is underway on the streetcar in the Downtown and Blackstone neighborhoods.
On Tuesday, the Omaha City Council approved a change in the bond. The city uses bond money to pay for streetcar construction. With interest rates fluctuating, the latest round of bonds allows the city to pay less in interest.
The change could result in tens of millions of dollars going to other projects in the streetcar area. Steven Jensen, the Deputy Chief of Staff for Economic Development and Development Services in the Mayor’s Office, said the rules allow that money to be used for the streetcar, bike lanes, or affordable housing…