The city said then that it plans to raise $306 million for the streetcar project. Mutual told the public basic details of its proposed new headquarters site a month ago, during the same press conference at which Mayor Jean Stothert announced the city’s plans to build a streetcar system from downtown to midtown. Mutual of Omaha proposes new glassy skyscraper that could at least rival the highest building in downtown Omaha. Mutual officials said earlier the building could rival downtown’s tallest office building, the nearby 45-level First National Tower. Still unclear is how high the Mutual tower will rise.
That garage is to be owned and financed by the City of Omaha. Project Beacon, as the Mutual tower is referred to, would include 2,200 parking stalls on its lower levels. Such new details, including that the Mutual tower is to span 800,000 gross square feet, are to be presented next month to the Omaha City Planning Board. That will produce an additional $25 million or so of property tax revenue to be dedicated to streetcar construction. Mutual’s construction project, in addition, is tied to the city’s proposed streetcar system in a way that calls for five extra years on a 15-year TIF term. The largest, $79.4 million, was approved for the Crossroads mall redo, which is currently underway. OMAHA - The Mutual of Omaha skyscraper that’s proposed to start rising after the downtown library block is cleared now has a projected price tag: $433 million.Īlso, according to newly available city documents, the Fortune 500 insurance company is seeking approval for about $62 million in tax-increment financing - marking the second highest TIF ask in the city’s history.
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