: 24th & Ames Economic Development

ID

95

OrgName

PhysicalAddress

2406 Ames Avenue & 4514 N. 24th Omaha, NE

MailingAddress

7417 S. 48th Street Lincoln, NE 68516

Website

SocialMediaAccounts

Name

Elton Edmond

Title

Owner

EmailAddress

EdmondEC88@gmail.com

Phone

+1 (402) 430-6045

Team

No

TeamExplanation

OrganizationalChart

OtherCompletedProjects

ProposalTitle

24th & Ames Economic Development

TotalBudget

6750000.0

LB1024GrantFundingRequest

6750000.0

ProposalType

Combination of capital project and service/program

BriefProposalSummary

We propose to develop the corner of 24th & ames with as follows: Build a building with retail shops on the main floor and apartments, offices on the upper floors.

Timeline

We anticipate complete by December 2025 upon approval of grant funds.

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.) Quality of Life (i.e., create or enhance natural spaces, mixed uses, parks, safety, etc.) Sustainable Community (i.e., create or enhance housing, services, education, civic uses, recreation, etc.)

OtherExplanation

ProposalDescriptionAndNeedsAlignment

The proposal is in its initial stage; however with this property located on the corner of 24th & Ames, it can be utilize to address the community needs of sustaining the community with housing and retail businesses.

VisioningWorkshopFindingsAlignment

This proposal aligns with the visioning workshop as follows: Leverage existing land for construction to attract other investments in the community. Have thriving businesses in the community. Address affordable housing needs.

PrioritiesAlignment

This proposal aligns with LB1024 as it will address developing, attracting, and maintaining businesses in North Omaha and in QCT areas.

EconomicImpact

This development will have the potential of creating 75 - 250 temporary and permanent jobs.

EconomicImpactPermanentJobsCreated

Estimating 75 - 100

EconomicImpactTemporaryJobsCreated

Estimating 100 -250

EconomicImpactWageLevels

Hourly $20 -$50. Salaried $55,000 - $100,000

EconomicImpactAlignProposedJobs

We would be initially about hiring contractors and workers within the area. We would encourage contractors outside of the area to hire sub contractors within the QCT.

CommunityBenefit

Create a unique community identity Create community involvement of business owners Increase community Economic Health Increase local tax base Create local jobs

CommunityBenefitSustainability

This proposal contributes to community sustainability by: Creating local jobs which encourages people to stay and move to the area. Increase local tax base which will circulate back into the community. Provide affordable housing to allow people to work and live in the community.

BestPracticesInnovation

This would encourage others to utilize existing vacant lots for commercial and housing needs.

OutcomeMeasurement

Create new jobs, opportunities for employers to offer educational benefits.

OutcomeMeasurementHow

The would be measured by the number of new businesses in the QCT, the number of new jobs, and the number of housing units developed.

OutcomeMeasurementCoinvestment

Yes, as the plan for completing the project is still under development and we would be open to investors.

Partnerships

Yes

PartnershipsOrgs

We would be open to partnering with other organizations.

PartnershipsMOU

Displacement

No

DisplacementExplanation

PhysicalLocation

2406 Ames Avenue & 4514 N. 24th Street are both empty lots which at one time had large buildings that housed long standing businesses that served the community.

QualifiedCensusTract

Within one or more QCTs

AdditionalLocationDocuments

PropertyZoning

Yes

ConnectedToUtilities

ConnectedToUtilitiesConnected

No

ConnectedToUtilitiesUpgradesNeeded

Yes

DesignEstimatingBidding

No

DesignEstimatingBiddingPackageDeveloped

No

DesignEstimatingBiddingCostsDetermined

Just ball parked

GeneralContractor

No

GeneralContractorPublicCompetitiveBid

GeneralContractorPublicCompetitiveBidWhyNot

RequestRationale

The dollar amount is an ball park as we are just exploring the idea and will be working with contractors, designers, and architects once grant funds are approved. The proposal timeline did not allow for us to obtain any defined numbers.

GrantFundsUsage

It will be used for the architect, design, management, and construction of this project.

ProposalFinancialSustainability

Yes

ProposalFinancialSustainabilityOperations

Following the initial investment the building would be sustainable with tenants and potentially outside investors.

FundingSources

None at this time. Would appreciate any other recommendations for resources.

FundingSourcesPendingDecisions

Not anticipating other funding sources

FundingSourcesCannotContinue

No

Scalability

Yes

ScalabilityComponents

Anticipating that the design and architect personnel can address the components.

FinancialCommitment

To maintain the lots and contribute to the initial cost for the design and architect.

ARPAComplianceAcknowledgment

1.0

ARPAReportingMonitoringProcessAck

1.0

LB1024FundingSourcesAck

1.0

PublicInformation

1.0

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