ForeSight LLC: ForeSight Property Devlopment

ID

209

OrgName

ForeSight LLC

PhysicalAddress

3217 Ohio St Omaha, NE 68111

MailingAddress

3217 Ohio St Omaha, NE 68111

Website

SocialMediaAccounts

Name

James Overton

Title

President

EmailAddress

jroverton3@gmail.com

Phone

+1 (402) 612-7910

Team

No

TeamExplanation

OrganizationalChart

OtherCompletedProjects

We have been ion business for over 50 years we are fourth generation business owners

ProposalTitle

ForeSight Property Devlopment

TotalBudget

5000000.0

LB1024GrantFundingRequest

5000000.0

ProposalType

Capital project

BriefProposalSummary

We currently own real estate at 3701 N 30th we would like to acquire the surrounding parcels and develop a rent controlled multi use business and residential facility for 55 and up residents and or MCC Students

Timeline

This project can and will be completed within the next 24 months

PercentageCompletedByJuly2025

1.0

FundingGoals

Fundamental Change (i.e., a proposal that will continue to elevate North or South Omaha's presence and perception within the region, significantly improving the lives of area residents through physical development) Long-Lasting Economic Growth (i.e., a proposal that will foster gainful employment opportunities and financial investment in the area, leading to the creation of generational wealth and widespread economic vitality in North and South Omaha) Transformational (i.e., a proposal that will help energize, recharge, or spur significant and favorable advancements in North or South Omaha's function or appearance)

Community Needs

Other Infrastructure (i.e., develop or improve broadband, business districts, roadways, sewer, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

We would make a huge impact in North Omahas Housing shortage

VisioningWorkshopFindingsAlignment

Lack of housing and business space for fledgling businesses

PrioritiesAlignment

We would like to create housing and business space

EconomicImpact

Unlimited amount of Jobs based upon the new business development opportunities

EconomicImpactPermanentJobsCreated

100

EconomicImpactTemporaryJobsCreated

50

EconomicImpactWageLevels

$15 - $25per hour

EconomicImpactAlignProposedJobs

All of our construction needs can and will be filled by contractors from North and South Omaha

CommunityBenefit

N 30th St is a busy corridor that does not have many businesses and or housing . We are looking to expand upon that

CommunityBenefitSustainability

It will be a facility that everyone can see and be proud of

BestPracticesInnovation

This will allow the state and local government to see what can be accomplished when funding is placed with the right originations

OutcomeMeasurement

We will supply On the Job training and develop a program to spur new and young business owners

OutcomeMeasurementHow

By the number of regularly employed staff of the new businesses and our the occupied housing

OutcomeMeasurementCoinvestment

Yes we have been supplying single family homes for 20 plus years in North Omaha

Partnerships

Yes

PartnershipsOrgs

OHA for tenants and Douglas County Housing

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

3701 N 30th St Omaha, NE 68111

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

Yes

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

Estimate

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

These cost estimates were from an architect

GrantFundsUsage

These funds will pay for construction and labor cost

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

The rents of the facility will keep the operation going

FundingSources

None, all prior funds have been supplied by us

FundingSourcesPendingDecisions

FundingSourcesCannotContinue

NO

Scalability

Yes

ScalabilityComponents

It can be implemented over time

FinancialCommitment

We are Totally committed to the growth of North Omaha

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

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