The Nebraska Department of Economic Development has awarded the City of Lincoln a $2.1 million grant to help develop the proposed South Haymarket Park.
Mayor Leirion Gaylor Baird says the American Rescue Plan Act funds will have a transformational impact on multiple Qualified Census Tracts in downtown Lincoln and will help build a stronger local economy.
“South Haymarket Park will be a new, high-amenity urban park that serves as a catalyst for redevelopment near a former industrial site and for Lincoln’s overall economic renewal,” Gaylor Baird says. “Even in its early stages, the park is already stimulating and supporting private investment nearby. Just two months ago, we announced a new mixed-use development featuring both residential and commercial opportunities on the block adjacent to the park site.”
Parks and Recreation Director Maggie Stuckey-Ross says the project is the culmination of years of planning and community feedback that recommended development of a new downtown park near Seventh and “N” streets. Design features include outdoor recreation opportunities, space for public gatherings and events and open green space in a former industrial area.
The developers are proposing a five-story building with a total investment of about $47.5 million. In addition to office and commercial space, the 161,200 square-foot building would include affordable and market rate apartments.
(Image: City of Lincoln)