The City of Omaha announced that it has finalized the purchase of a 25‑acre parcel on the city’s western fringe for $18.5 million, a move that will anchor an ambitious mixed‑use redevelopment slated to include a professional soccer venue for Union Omaha and a host of new amenities.
A Strategic Investment
The acquisition, first reported by local officials, is part of a larger $332 million vision that envisions a 6,500‑seat stadium capable of expanding to 8,500 spectators, alongside apartments, restaurants, retail spaces and a city‑owned parking garage.
Funding for the project hinges on a $48 million tax‑increment financing package approved by the Omaha City Council, a financial lever that officials say will accelerate infrastructure upgrades while keeping the burden off taxpayers.
Mayor John Ewing hailed the transaction as a “home run” for the municipality, emphasizing that the stadium will not only provide a home for Union Omaha but also serve as a catalyst for economic activity in the surrounding neighborhoods.
Groundbreaking is expected later this year, with construction timelines that could see the venue operational by the mid‑2020s, positioning Omaha as a growing hub for soccer and mixed‑use development in the Midwest.