FACILITIESPENDING

Omaha advances major parking and TIF agreement with Woodbury Corp

A proposed Amended and Restated Public Improvement and Parking Development Agreement with Woodbury Corporation would enable the City to acquire property at 7400 Dodge Street for $38.8 million, assume $39 million in TIF loan proceeds, and secure at least $27 million in public infrastructure investment. The agreement underpins new structured, surface, and on-street parking facilities at the Crossroads redevelopment site.

Document date · December 17, 2024

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
$38,800,000.00 City property acquisition; $39,000,000.00 TIF loan assignment; minimum $27,000,000.00 public infrastructure investment by Woodbury
Contract type
FACILITIES
Document type
Minutes
Source document
City of Omaha City Council Meeting Minutes December 17, 2024

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by City of Omaha?

Woodbury Corporation was awarded this facilities contract by City of Omaha, as recorded on December 17, 2024. The contract value is $38,800,000.00 City property acquisition; $39,000,000.00 TIF loan assignment; minimum $27,000,000.00 public infrastructure investment by Woodbury.

How much is the Woodbury Corporation contract with City of Omaha worth?

The Woodbury Corporation contract with City of Omaha is valued at $38,800,000.00 City property acquisition; $39,000,000.00 TIF loan assignment; minimum $27,000,000.00 public infrastructure investment by Woodbury, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Omaha City Council Meeting Minutes December 17, 2024 (Minutes), dated December 17, 2024 from City of Omaha. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Woodbury Corporation hold?

Woodbury Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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