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Mayor expresses concerns over Crossroads plans

Posted at 8:00 AM, Jul 12, 2017
and last updated 2017-07-12 09:00:33-04

OMAHA, Neb. (KMTV) - One day after a developer submitted applications to the city for redevelopment at Crossroads Mall, the mayor’s office reveals it’s unsure where the project stands.

 

The new plans took Mayor Jean Stothert by surprised she revealed recently.

 

However, the legal department is currently combing through the paper work.

 

Stothert told 3 News Now the tax-increment financing application submitted by developer Rob Yates is asking for nearly twice missing crucial elements, such as showing who’s behind the financial backing and proof of ownership.

 

As for the redevelopment’s cost, that also caught the mayor off guard, she says.

 

"Originally, when we started working on this in 2011 it was between $175 and 200 million and now it has grown to be about a half a billion dollar project,” she said Tuesday in her office.

 

For that dollar figure, developers want to turn the “dead mall” into a mixed-use space near 72nd and Dodge streets, which would features more retail, apartments, hotels and a gym.

 

 

Developers are hoping to start demolition later this year with the first phase of the project opening in April 2019.