The line, scheduled for completion in 2027, is bringing billions in new investment to the city’s urban core.
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.
FULL STORY: Streetcar: 'Revenue that we projected is running far above what Municap projected'
Omaha Streetcar Predicted To Cover Project Costs
A third party analysis predicts that the revenue brought in by development along the proposed streetcar line would bring in sufficient revenue to cover initial costs.
Omaha Streetcar Breaks Ground
The city aims to bring back its once-extensive streetcar network.
Warren Buffett, Streetcar Skeptic
Warren Buffett, bus service supporter?
Trump Administration Could Effectively End Housing Voucher Program
Federal officials are eyeing major cuts to the Section 8 program that helps millions of low-income households pay rent.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
Ken Jennings Launches Transit Web Series
The Jeopardy champ wants you to ride public transit.
Driving Equity and Clean Air: California Invests in Greener School Transportation
California has awarded $500 million to fund 1,000 zero-emission school buses and chargers for educational agencies as part of its effort to reduce pollution, improve student health, and accelerate the transition to clean transportation.
Congress Moves to End Reconnecting Communities and Related Grants
The House Transportation and Infrastructure Committee moved to rescind funding for the Neighborhood Equity and Access program, which funds highway removals, freeway caps, transit projects, pedestrian infrastructure, and more.
From Throughway to Public Space: Taking Back the American Street
How the Covid-19 pandemic taught us new ways to reclaim city streets from cars.
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