The State of Nebraska’s Sports Arena Facility Financing Assistance Act Board this week approved turnback-tax financing for Union Omaha’s planned 6,500-seat soccer stadium in North Downtown. Union Omaha plans to build the $140 million stadium in partnership with the City of Omaha, which will own it. The site is currently a mostly vacant, former Union Pacific railyard northeast of 11th & Cuming Street. As part of the project, plans call for an adjacent mixed-use development with residential, retail and entertainment uses.
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