The Blair Crossing Apartments project is rising at Nebraska Highway 133 and U.S. 30 is said to be first major apartment complex in about 25 years in the town north of Omaha. (Courtesy of trb architecture)
BLAIR, Nebraska — Blair is about to get its first new major apartment complex in a quarter-century — a 132-unit market rate project the public is chipping in for to help boost business and growth in the town a half hour north of Omaha.
Real estate developer Metonic broke ground earlier this month on the $27 million Blair Crossing Apartments, which will feature amenities including a fitness center, dog park and resort-style swimming pool.
Public incentives helping to defray costs include $300,000 in local tax revenue from the city’s “LB 840” program and up to $2.03 million in tax-increment financing. TIF allows property tax revenue from new improvements at the project site to pay for eligible expenses of development…