Mayor Stothert announces new Crossroads redevelopment project

Mayor Stothert announces new Crossroads redevelopment project

A 500 MILLION DOLLARPLAN THAT IS EXPECTEDTO BRING LIFE BACK TOCROSSROADS MALL ATTHE CORNER OF 72NDAND DODGE.GOOD EVENING, I'M KENTLUETZEN, IN FORJENNIFER GRISWOLD.MAYOR JEAN STOTHERTSAYS IT WILL BE A TEAMEFFORT WITH THE CITYAND TWO DEVELOPERSTO REBUILD THE HEARTOF OMAHA.AFTER YEARS OFPLANNING, OMAHAMAYOR JEAN STOTHERTSAYS THE TIME IS NOWFOR AN AWAKENING OFCROSSROADS MALLNEAR 72ND AND DODGE14:44:30:20 "I'VE BEENMAYOR SEVEN YEARSWE'VE BEEN WORKINGON IT THAT LONG AS MEMAYOR, BUT WE'VE BEENWORKING ON IT A LOTLONGER THAN THAT ANDWE'VE HAD DIFFERTDESIGNS AND DIFFERENTRENDITIONS OF IT BUTTHIS IS THE ONE THAT ITHINK WE ALL FEEL ISGOING TO BE THEWINNER."THE CITY, ALONG WITHLOCKWOODDEVELOPMENT ANDCENTURY DEVELOPMENTWILL DEMOLISH MOST OFTHE BUILDINGS ON THE40 ACRE PLOT OF LAND -ONLY KEEPING TARGETAND A PARKING GARAGE.THEY WILL REPLACE ITWITH RETAIL SHOPS,RESTARAUNTS, A HOTEL,OFFICE SPACE,APARTMENTS AND AFAMILY-FUN ZONE.14:37:01 "I WANT ALEGACY FOR THISCORNER OF THE CITY OFOMAHA, AND I AM GLADCHIP IS PARTNERINGWITH ME TO BRINGABOUT THIS BUSINESS,SO LET'S GET GOING!"14:51:23 "WE WANT IT TOFEEL..THERE WANTS TO BESOMETHING HERE FOREVERYONE IN OMAHA, SOWE WANT LIVE WORKAND PLAY."THE PRICE TAG, $500MILLION DOLLARS.STOTHERT SAYS THECITY WILL USE $12.5MILLION DOLLARS OFREDEVELOPMENT BONDSTO HELP PAY FORINFRASTRUCTURECOSTS.AREA RESIDENTS SAY IT'SABOUT TIME THIS AREAGETS AN UPGRADE.15:38:44: "IT SOUNDSPRETTY EXCITNG ON IT'SFACE THERE TO GETSOME FRESHDEVELOPMENT,ESPECIALLY ONE OF THEBUSIEST INTERSECTIONSIN TOWN TO HAVE JUSTNOTHING THERE IS JUSTA KILLER FOR THE CITYTO HAVE FRESH STUFF INHERE SOUNDS GREAT."15:50:18 "MAYBE ABOWLING ALLEY OR AMOVIE THEATER OR ASKATE PARK AND INDOORSKATE PARK WOULD BEREALLY COOL.I KNOW IT SNOWS HEREAND I SKATE, SO ANINDOOR SKATE PARKWOULD BE COOL."THE DEVELOPERS ANDTHE CITY HAVE BEEN INTALKS WITH POTENTIALTENANTS, BUT NOTHINGIS SET IN STONE, YET.14:36:17 "SOME OF YOUWHO REMEMBER THEORIGINAL CROSSROADSWILL REMEMBER THESLOGAN THAT ALL ROADSLEAD TO THECROSSROADS, AND THATWAS TRUE 60 YEARS AGOAND THAT IS CERTAINLYSTILL TRUE TODAY.72ND AND DODGE WILLALWAYS BE THESYMBOLIC CENTER OFOMAHA."THERE ARE STILL A LOTOF DETAILS THAT NEEDCITY APPROVAL, ANDPLANS ARE SURE TOCHANGE.THE CITY PLANS TOBREAK GROUND THISOCTOBER, WITH AFINISHING DATE OF 20-24.ALSO AT THAT