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Downtown Soccer Stadium Financing Agreement

At a glance

  • What: ORD. 44846 approves a Redevelopment Agreement between the City and Downtown Soccer Stadium, Inc. for property northeast of 11th and Izard Streets. It provides for financing of up to $106,500,000 of stadium construction costs, guarantees lease payments and other revenue sources to service the associated debt, and reimburses up to $10,500,000 of public improvement expenses.
  • Where it stands: First reading October 6, public hearing and second reading October 20 (no vote), third reading and vote scheduled October 27, 2026.
  • Next: Council vote on 2026-10-27 - City Council.

Public hearing (October 20, 2026)

Six speakers supported the agreement: Levy of Baird Holm (attorney for the applicant), Green and Boulos of Union Omaha, Adam Straight of MECA, Ed Fox and Hunter Fangmeyer. Floreani of the Mayor's Office spoke for the City. No one spoke in opposition, and written communications in support were attached. The item was on the pre-council discussion list. The hearing was closed with no motion, since the ordinance was on second reading.

Section 77 of the October 20 agenda ORD. 44860 would issue up to $115,000,000 in special tax revenue redevelopment bonds for other downtown garages; see Special Tax Revenue Redevelopment Bonds.

Sources

Log

2026-10-27 - City Council

Scheduled for third reading and vote.

2026-10-20 - City Council

Second reading and public hearing; six proponents and Floreani for the City; no opponents. No vote.

2026-10-06 - City Council

First reading (listed under ordinances on first reading).

2026-10-20 - City Council

  • Recording: total investment above $316 million; bonds up to $106.5 million repaid from team rent ($2 million a year), taxes, naming rights and project revenue; debt service near $7.3 million by 2033. No opponents testified.