Grand Island City Council Approves Conestoga Mall Redevelopment Plan
GRAND ISLAND, Neb. (KSNB) – Grand Island City Council has approved redevelopment plans for the Conestoga Mall.
Woodsonia Acquisitions is planning an investment of $221 million for the mall, which will be called Conestoga Marketplace.
The Elkhorn developer has big plans for the 50 acres of land that sits between Highway 281 and Webb Road at 13th at State Street.
The company shared its vision with the community in meetings with the planning commission, the community redevelopment authority and the city council.
Regional planning director Chad Nabity has previously spoken to Local4 about the project and said it could be a complex process.
Woodsonia hopes to breathe new life into the mall, including adding a 147,000 square foot flagship store to the south end of the property, orienting the rest of the mall outward, and improving the entertainment/theater area. .
The speech from the town suggests that Target might come along with the remodel, but nothing has been finalized. Although planning documents suggest Target for where the flagship store will be located.
“Even though we are doing everything we can to cooperate, the project still has some things to do, including the flagship store that is committed to it – and I know a lot of people are excited about it all over the city, but there are still a lot of pieces that need to happen for this to really work,” he said.
Developers also want to build multi-family housing, a hotel and more to take full advantage of the land.
The council authorized the use of tax increase funding and created an enhanced employment area, which would add a 1.5% occupancy tax on all mall sales. These sources could bring in around $70 million over 30 years.
Council also approved the rezoning with an amended development plan that plans to demolish portions of the existing mall and build lots along Highway 281 and 13th Street.
The next step for the City is to approve the contract for financing the taxation and enhancement of the employment zone.
The developers plan to be at the city council meeting on December 6. They hope to start the project in 2023.
News Channel Nebraska contributed to this report
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