September 18, 2003

Proposals down to three for Omaha's next riverfront development

hree development teams have made their proposals and now it's up to the city's review committee to

	Omaha Riverfront Development's plan includes condominiums and townhouses.

study them and make their recommendation to Mayor Mike Fahey. The city-owned land that they are competing for is located on the riverfront between the new Gallup University and the future pedestrian bridge.

Omaha Riverfront Development Associates of Park City, Utah, Noddle Development of Omaha and Broadmoor Development of Omaha have all submitted their ideas and hope to earn the right to build what will become the newest addition to Omaha's riverfront.

Although all three proposals are quite different, any one of them would compliment the area very well. 

	Noddle Development's plan is based primarily on office buildings.

Omaha Riverfront Development is proposing a $28.5 million plan centered on condominiums and townhouses.

Noddle Development is offering a plan that could cost up to $24.7 million and is based primarily on office space but could include condominiums.

	Broadmoor Development plans to build a complex that will include a 10-story tower for apartments.

Broadmoor Development's plan includes a $38 million complex with a 10-story tower for upscale apartments.

Once the review committee makes their recommendation to the mayor, a development agreement will be drawn up then the City Council needs to approve it. 

The committee's choice is expected to be submitted to Fahey sometime in the next 30 days.