Omaha Streetcar Yielding $1.5 Billion in TIF Funds

The line, scheduled for completion in 2027, is bringing billions in new investment to the city’s urban core.

1 minute read

December 13, 2024, 6:00 AM PST

By Diana Ionescu @aworkoffiction


Aerial view of downtown Omaha, Nebraska with holiday lights at sunset.

Jacob / Adobe Stock

Tax increment financing (TIF) revenue for projects along a future streetcar line in Omaha, Nebraska is outpacing projections, with $1.5 billion committed to four projects so far this year, reports Molly Hudson for KMTV 3 News Now. “Some of those include ‘The Beam’ - an apartment building next to the new Children’s Museum at the Riverfront and the Millwork Hotel.”

“But with just a few weeks left in the year, six projects remain on the 2024 list with investment but no name,” Hudson adds.

The Omaha Streetcar project broke ground in September 2023 and is scheduled for completion in 2027.

Tuesday, December 10, 2024 in KMTV 3 News Now

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