The city is pushing the pause button on the Crossroads redevelopment project. The mayor says we need time to think about the proposed $50 million bond that nearly made it to the ballot.
Developer Rod Yates says the mayor's change of plans will not affect the Crossroads project. He says there are other ways to fund it and it will move forward.
The plans calls for taking the almost abandoned Crossroads Mall and changing it into something like the development at Aksarben: a place to live, work and play.
The City of Omaha was ready to issue $50 million in bonds to fund streets, sewer lines and utilities but with a vote on the bonds coming up in May, the mayor put on the brakes.
She said, “We do not have the results back from a market study. We don't have the fiscal and economic analysis back yet. We don't have the traffic and parking study back yet and before we can ask taxpayers to vote on something, I think we better have all that information."
“We're taxed enough," said Trish Westerfield. She wasn’t happy about the idea of paying for bonds to help redevelop the Crossroads. She said something should be done there but she's happy the mayor slowed things down.
“I think it's a good idea to let the citizens of the City of Omaha learn more about what's going on and give them chance to really weigh-in with the city council as to what they believe,” Westerfield said.
"First and foremost, we want to protect the taxpayers,” Stothert said. “We want to protect the taxpayer and we want the taxpayers to understand what they're voting on even if we still vote on it at all."
City council President Pete Festersen says the council plans to keep the Crossroads development as a priority item.