Find Real Estate Agents and Homes for Sale


Real Estate News --> Nebraska News

Nebraska sports complex may miss out on turnback taxes


(AP) — A Nebraska sports complex may miss out on turnback taxes ... revenue from the complex and potential tourism dollars from Sarpy County. Seattle not amused by real-estate company's green pigs stunt Everett teen arrested after grandmother finds ...


Archived Story

LA VISTA, Neb(AP) — In a story Feb15 about the construction of the Nebraska Multisport Complex in La Vista, The Associated Press, based on information from the Omaha World-Herald, reported erroneously that organizers missed a deadline and wouldn’t be eligible for funding through a tax fund, and that only $11 million had been raised for the projectThe timetable changed and the project still should be eligible for needed money through the tax fundOrganizers have raised more than $20 million. A corrected version of the story is below: Nebraska sports complex likely won’t open this summer A Nebraska sports complex has no opening date set and likely won’t open this summer Most Read StoriesMan who accused Ed Murray of sexual abuse found dead in Auburn motel  WATCHAfter 911 calls and a lockdown at Highline College, police find 'zero evidence' of a shooting  VIEWWith work permits in limbo, spouses of H-1B visa holders worry they’ll lose jobsSnow in Seattle? Freezing temperatures? 'Be ready for it'King County Republican chair criticized after telling gun-control advocate 'Do not ever contact me again'Sale! Save up to 90% on subscriptions!LA VISTA, Neb(AP) — A Nebraska sports complex has no opening date set and likely won’t open this summer. The $125 million Nebraska Multisport Complex in La Vista is still in its fundraising phase and hasn’t set a date for beginning construction, the Omaha World-Herald reported . Project leaders have decided to build the facility in two phasesWhile the project won’t be able to meet an October deadline for a state turnback tax for the first phase, officials hope to utilize the funding method in the future. Known as a state turnback tax, the complex can receive 70 percent of state sales taxes over 20 years from businesses within a 600-yard radius that opened two years before to four years after the complex opensThe facility could secure up to $50 million in state sales tax from a Costco that opened nearby in 2016. Even though the group won’t meet the October deadline for the first phase of the project, officials hope to capitalize on the tax when the aquatics portion of the project is built, said president Harold Cliff. “To try and hit the October 2018 deadline wasn’t feasible,” he said“We still have the opportunity going forward to apply for it.” Project officials aren’t concerned with the delay. “We’re very pleased with the progress we’re making,” Cliff said. Tax forms indicate that the group has raised more than $20 million for the project since 2016The project will also be financed by revenue bonds, $10 million in infrastructure support from La Vista, revenue from the complex and potential tourism dollars from Sarpy County. The project includes soccer fields, squash and pickleball courts, tennis courts and an aquatic center with Olympic-sized and therapy pools. Officials hope to open at least some of the fields this year, but won’t speculate on an exact opening date, said Joan Lukas, project spokeswoman. The Associated Press Next StoryArkansas public school removes scriptures from choir room Previous StoryMaine town rejects state’s traffic settlement over changes // PROD-1622 Outbrain AB Test // Have to disable outbrain from running at this point based on optimizely test booleans (function() { if ( SEATIMESCO.hasOwnProperty('outbrain') && SEATIMESCO.outbrain.hasOwnProperty('enabled') && SEATIMESCO.outbrain.enabled === false ) { var outbrain = null; outbrain = document.querySelector('.OUTBRAIN[data-widget-id="AR_6"]'); if (outbrain !== null ) { outbrain.parentNode.removeChild(outbrain); } } })(); Contact Newsroom staff list FAQ Contact form About the company Seattle Restaurant Week Newspapers in Education Fund for the Needy Employment Historical Archives Pulitzers Company information Permissions Seattle Times Store Advertise Classifieds Autos Homes Obituary Jobs Media Kit Advertise with Us Subscriber Services Subscribe Activate Account Manage Subscription Place Temporary Hold Report Delivery Issue Make a Payment Print Replica Today’s Front Page Facebook Twitter RSS Feeds Newsletters Mobile Apps Subscribe

Trending Nebraska News:


  • Ricketts seeks tax cuts, agency mergers amid $900M shortfall
  • Tim Plate Realty | Buying & Selling | Grand Island NE
  • Jim McKee: Erwin Hinkley Barbour and Morrill Hall
  • Nebraska residents worry highway project will create issues
  • Norfolk, Nebraska man faces weapon, gun and theft charges
  • Real estate agent uses self-defense training to escape assault
  • Nebraska village becomes ghost town after beer stores close
  • Nebraska coyotes used for high-end coats
  • Scottsbluff, NE Homes For Sale & Real Estate
  • Stork delivery? Woman gives birth to baby at Nebraska zoo
  • Realtor and accredited land consultant Bob Harris brings land expertise to Three Sixty
  • Norfolk City Council denies rezone for residential development
  • Schuyler, NE Homes For Sale & Real Estate
  • Nebraska Property Taxes Due Wednesday
  • Neighbors question motive behind North Bottoms soil testing
  • West End's Metropolitan sells for $33M
  • Farmland values in eastern part of Nebraska dropped 10 percent
  • Buffett rebukes Trump, questions his business skill
  • Schafer named University of Nebraska Regent
  • Patton Named BIG EAST Freshman of the Year