Council Votes to Pull Crossroads Bond From Ballot

The future of the Crossroads Mall remains up in the air. The Omaha City Council voted unanimously to take a bond issue off the May ballot that would have helped redevelop the property.

Council members spent most of the time before the vote explaining why they were going to rescind their previous vote to put the financing plan up for a vote.

The developer wants to reinvent the mall into luxury loft residential units, office space, a hotel and shops. It’s a $400 million plan.

In February the council approved adding a $50 million bond issue to the May ballot to cover costs of infrastructure.

Only two people spoke at Tuesday’s meeting and both opposed pulling the plan off the ballot.

Councilman Ben Gray wanted to make it clear that rescinding this bond issue was a collective decision.

It's not a dead issue but the next step is unclear.

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