Lincoln Provides $2.1 Million Grant to Develop Haymarket South Park

LINCOLN, Nebraska (Nebraska) — The City of Lincoln received a $2.1 million grant Thursday to help develop the proposed Haymarket South Park.

Leirion Mayor Gaylor Baird and Maggie Stucky-Ross, Director of Parks and Recreation, accepted a $2,125,000 grant from the Nebraska Department of Economic Development on behalf of the City of Lincoln.

South Haymarket Park will cover 1.54 acres and will include outdoor recreational opportunities, social gathering and event space, and open green space in a former industrial estate.

“South Haymarket Park will be a new landscaped city park that will catalyze redevelopment near the former industrial site and general economic renewal of Lincoln,” Mayor Gaylor Baird said. “Even in its early stages, the park is already encouraging and supporting private investment nearby. Just two months ago, we announced a new mixed-use complex with residential and commercial opportunities in the neighborhood adjacent to the park.”

Mayor Gaylor Baird said the American Plans for Rescue Funds grant will have a transformative impact on several Qualified Census Areas (QCTs) in downtown Lincoln.

The South Haymarket Park project has been in development for many years, and the project developers listened to community feedback, which recommended building a new park in the city center near 7th and Nth streets. The project includes opportunities for outdoor recreation, space for social gatherings and events, as well as an open green area in a former industrial area.

The developers are also offering a mixed-use five-story building with a total estimated investment of about $47.5 million. The 161,200-square-foot building will include affordable market-priced apartments.

“South Park Haymarket will be a destination in this community for residents and visitors alike. We can’t wait to welcome Lincoln to this new space and see it come to life,” Stucky-Ross said.

The Parks and Recreation Department is currently working with its consultants and community partners to develop a master plan and cost estimate for the future park.

PRD expects the master plan to be ready in the spring of 2023, followed by a capital campaign led by the Lincoln Parks Foundation.

In January, the city’s Department of Urban Development announced EADO LLC of Lincoln as the site’s developer. EADO LLC is a partnership between Speedway Properties and Nelnet, Inc.

Content Source

The Sarpy County – Latest News:
Omaha Local News || Nebraska State News || Crime and Safety News || National news || Tech News || Lifestyle News