The Lincoln City Council approved a $24 million TIF for a planned high-rise building in the Haymarket.
LINCOLN, Nebraska (Nebraska) – The Lincoln City Council has approved the allocation of millions of TIFs needed for the Lincoln Bold high-rise building in the Haymarket.
On Monday, the council voted 4-2 to allow $24 million in tax increment-funding, also known as TIF money, for the project.
The proposed building site is located at Melichar’s 66 Sales and Service, a longtime Lincoln business, on the edge of the Haymarket Historic District. As early as August 2023, the site could begin to transform into the home of Lincoln’s second tallest building.
The building will include office space, luxury apartments and condominiums.
“We make the largest investment in the city of Lincoln at Ninth Street and R, and we believe in Lincoln,” said Steve Glenn, developer of Lincoln Bold.
This project has caused a lot of controversy, especially among its immediate neighbors. Business owners in the Haymarket fear traffic jams during construction will scare away customers.
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