gloria polo testimony New Gretna outlet mall to open in November
Demolition of the Nebraska Crossing outlet mall in Gretna has begun, and one of the developers of the project said the new mall will be open in time for the holiday shopping season.
Rod Yates, who owns OTB Destination LLC of Park City, Utah, said plans call for the mall to have a soft openingaround Halloween and a grand opening Nov. 14 or 15.
He admitted the timeline for the 370,000 square foot mall is ambitious but said he is confident contractor Peter Kiewit and Sons can get the project done on time.
“They are good at what they do,” Yates said. “Good at getting things done on time. You’ll see a lot of work going on this summer and a lot of late nights.”
Public financial incentives will pay for more than half of the $112 million project, which will include 70 tenants. That includes $4 million from the city of Gretna and another $53 million in property and sales tax incentives.
The Gretna City Council approved a redevelopment plan last week, paving the way for the incentives, but the city and the developers still must negotiate how the money will be used.
He declined to give any names of recent signings but said an announcement could be coming in a couple of weeks.
Yates said he would have done “cartwheels all the way to the Capitol” if someone told him two years ago that he would get the names he has gotten for the project.
“It’s going to be a great project,” he said. “Lincoln and Omaha are going to embrace us.”
A $25 million plan floated in 2007 by an unnamed developer fell through after the state balked at allowing an additional traffic signal near the mall’s location at Interstate 80 and Nebraska 31.
Yates’ firm and two Omaha companies, Century Development Co. and First Management Inc., announced plans in 2010 to add on to the mall and redevelop it. But that plan was scrapped and the developers announced late last year that the whole mall would be torn down and rebuilt. The last remaining tenants moved out at the end of December.
Yates said it turned out not to be practical to try to expand the existing mall.
Now that the Nebraska Crossing project appears on its way to completion, plans for another Omaha area outlet mall would appear to be in jeopardy.
The Cordish Companies of Baltimore proposed a $114 million, 435,000 square foot development including an outlet mall called The Outlets at Southport West in La Vista near Cabela’s more than two years ago.