OMAHA, Neb. (KMTV) — Omaha shifts to Plan B for Tranquility Park after the state denies its turnback tax request, leaving a $1M–$1.5M annual shortfall for the soccer complex.
- The city projected the turnback tax could generate about $42 million over the next 25 years from visitor spending during tournaments.
- Jacquelyn Morrison with the city said leaders are now exploring several options to fill the gap.
- The project will redevelop more than 340 acres near 120th and West Maple into a youth sports destination designed to attract larger events to Omaha.
BROADCAST TRANSCRIPT:
The city of Omaha is pivoting after the state denied a key funding request for the Tranquility Park soccer complex, leaving officials to seek alternative sources to keep the project on track.
On Thursday, May 7, the state turned down Omaha’s request for a turnback tax, money the city projected could generate about $42 million over the next 25 years from visitor spending during tournaments. The city had planned to use that funding to help pay off a $46 million bond. Without it, the city is facing a shortfall of $1 to $1.5 million each year…