Council approves $216,638 TIF support for Carnation Place redevelopment
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Summary
The council approved a tax-increment financing allocation of up to $216,638 to support the rehabilitation of the historic Carnation Place building on North 24th Street; developer Swan Development described a $2.4 million project to prepare multi-tenant commercial space.
The Omaha City Council approved tax‑increment financing (TIF) support of up to $216,638 for the Carnation Place redevelopment at 2711 North 24th Street.
Don Seton of City Planning summarized the project as a comprehensive rehabilitation of a locally landmarked historic building. Ben Swan of Swan Development said the project represents roughly $2.4 million in investment and will prepare a multi‑tenant commercial shell designed to accommodate up to five separate bays for small businesses.
Swan described the property’s history — previously the Carnation Ballroom and a venue on the Chitlin’ Circuit — and said the redevelopment aims to preserve historic character while upgrading infrastructure, restrooms, HVAC and electrical systems to serve multiple tenants.
After a public hearing, the council moved and approved the TIF resolution by recorded roll call, yes 7-0. Planning staff and the developer indicated other approvals (zoning board of appeals, planning board, building board of review) had been secured or pursued as needed.
The TIF award is intended to support rehabilitation costs and prepare the building for commercial tenancy as part of a broader neighborhood revitalization effort.