The city of Omaha has bought three historic downtown buildings for $10 million.
A news release from Mayor Jean Stothert’s office says the city bought the Happy Hollow Coffee, Christian Specht, and Alvine Buildings at 11th and Douglas Streets. The city will pay for the buildings with redevelopment bonds.
Omaha Performing Arts wants the three properties for a potential future expansion of the Holland Center for Performing Arts. The city of Omaha plans to donate the properties to Omaha Performing Arts so eminent domain isn’t necessary.
The deal hinges on OPAS selling its parking lot at 11th and Dodge Streets to HDR for the company’s new headquarters. The Omaha City Council has to sign off on the purchase.