Omaha’s report comes at a time when some Nebraska lawmakers have questioned the city’s use of TIF in some cases.

The summary of tax-increment financing activity, required of cities by the Nebraska Legislature, was included in a packet presented to Omaha Planning Board members who met Wednesday for their monthly meeting. Other big-ticket economic developments included the $220 million Warhorse Omaha casino (approved for $17.5 million in TIF), and an $82 million apartment structure at 48th and Dodge Streets ($10.7 million in TIF). (Courtesy of APMA and Bluestone Development)Ĭontributing to the bounty in 2022 were projects such as the $600 million Mutual of Omaha office tower, which got the city OK for about $68 million in tax-increment financing. Dizzy Mule redevelopment in downtown Omaha is among 23 projects the city approved last year for TIF benefits. OMAHA - Nebraska’s largest city gave the green light last year to a record amount of tax-increment financing incentives, according to a report listing 23 development projects that represent about $160 million in TIF loans.įor perspective, Omaha’s average annual tally of TIF approvals over the past five years was about $36 million.

Omaha casino approval