Omaha City Council To Consider Tax Incentives For Street Car System

(Omaha, NE) -- Next week the Omaha City Council will consider hundreds of millions of dollars in tax incentives to build a new street car system through the city. The incentives are part of a redevelopment agreement between the city and the Omaha Streetcar Authority. The agreement would include $354-million in tax increment financing to build the street car system. The city council will hold a hearing on the development next Tuesday and vote on it the following week.