Cindy Gonzalez
Omaha World-Herald
The Farnam, a 120-room hotel, is scheduled to open in the near future after a $50 million renovation.
In its heyday, the Omaha hotel northeast of 72nd and Grover Streets handled Ak-Sar-Ben racing fans, Berkshire Hathaway shareholder meetings and other gatherings of pageantry and influence.
Most recently, itâs been known best as the CoCo Key water resort.
But under new ownership, the 15-acre complex will be wiped clean by next year. Rising in its place will be a much different scene: a mixed-use site filled largely by luxury apartments along with commercial and entertainment venues.
âItâs an untapped treasure,â said buyer Dan Marak of Nashville-based MH Hospitality. âItâs got the right demographics for redevelopment. It will be a unique block and corner.â
Old Papillion hotel morphs into affordable apartments fremonttribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fremonttribune.com Daily Mail and Mail on Sunday newspapers.
Starting June 1, Omahans will have "a beautiful, fresh, well-conceived recreational and personal renewal space that has few peers in the U.S.," says Applied Underwriters spokesman Bart Emanuel.
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.