A request for $79.4 million in tax-increment financing for the Crossroads project has pushed TIF — a popular and sometimes controversial tool to rejuvenate "blighted" areas — into the spotlight.
Sales to Fiat Chrysler Automobiles (FCA) in the current year quarter decreased over the same period in the prior year quarter due primarily to lower production of the FCA minivan vehicles for which we supply components. The increase in sales to General Motors Company in the current year quarter compared to the prior year quarter related primarily to higher volumes and content on products we supply to their business, and in particular on the Chevrolet Silverado. The impact of the General Motors UAW strike resulted in lower net sales by an estimated $7.0 million in the prior year quarter. Sales to the Ford Motor Company increased in the current year quarter compared to the prior year quarter due primarily to higher product content in particular for the new power tailgate program on the F-150 pickup trucks starting production during the current year quarter. Sales to Tier 1 customers increased in the current year quarter in comparison to the prior year quarter mainly due to higher s
Last week, crews began tearing down the former Sears Auto Center, which was part of the mall proper. Demolition overall is expected to wrap up next June and new construction activity should begin.
Previously, a couple of buildings on the mall s western periphery (the old Best Buy and Applebee s restaurant) were razed to make way for the new series of office, retail and entertainment structures and green space. In all, the new project site is to span about 40 acres and could reach 10 stories at its peak.
The Target store and 2,200-space parking garage structure to the north are to remain intact and integrated into the new project bounded by 72nd, 75th, Dodge and Cass Streets.
Update on 'The Crossroads' campus that's to be bigger and taller than predecessor omaha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from omaha.com Daily Mail and Mail on Sunday newspapers.