The old Pershing Auditorium site in downtown Lincoln, Nebraska, is undergoing significant redevelopment. The demolition of the auditorium began in 2023, marking the end of its 67-year history as a major event venue. The site will be transformed into a mixed-use development featuring affordable housing, retail spaces, green areas, and other amenities.
The redevelopment project, led by White Lotus Group, includes the construction of a 100-unit affordable housing complex, a wellness center, a childcare facility, and retail spaces. Additionally, the project will incorporate green space and underground parking. There is also a designated area for a potential public library along Centennial Mall and "M" Streets, pending community support and further planning.
The estimated investment for this project is around $54 million, which includes financing through tax increment financing and low-income housing tax credits. The construction is expected to start in the spring of 2024 and will take about 14-18 months to complete【5†source】【6†source】.
22 авг 2024
