The Omaha Streetcar Authority approved a $186 million annual budget for 2026. Since 2024, OSA has spent almost $100 million. In December 2022, the city council approved up to $440 million in bonds to support the project. The bonds will be paid back by anticipated streetcar-specific Tax Increment Financing funds from development projects that occur within a certain proximity of the route. Initial estimates of the streetcar-related development totaled $2 billion over 15 years. With more than half of that already constructed or currently announced, the city now anticipates $4 billion in development over the next 15 years. – Isaiah Ang
Recent Comments