Omaha voters will get a chance to weigh-in on a dramatic renovation plan for Crossroads Mall. They’ll need to answer a $50 million question.
The project on the table for the mall at 72nd and Dodge is a $400 million rebuild aimed at converting the shopworn shopping plaza into Crossroads Village, featuring retailers, luxury loft residential units, office space, a hotel and more.
As part of the financing plan, the city would cover public infrastructure work with the $50 million bond issue that the City Council sent to the May ballot on Tuesday afternoon. The Council vote was 7-0.
The money would cover things like street, sewers, sidewalks, utilities and parking. The city has said that this will not increase property tax rates.
Most of the funding for the project will be orchestrated by the developer.
If all goes has planned, the grand opening is set for June, 2016.