Omaha Crossroads property construction to begin in spring [Video]

Construction will begin on the Crossroads property in a few months, Omaha Mayor Jean Stothert said. Woodbury Corporation, who is handling the development at 72nd and Dodge streets, will take ownership of the Crossroads property on Wednesday.”This real estate transaction is a major milestone,” Stothert said. “Woodbury’s proven record in mixed-use development around the country ensures they will deliver a spectacular development.”There’s a commitment from the city to build and operate new parking garages that will be paid for by user fees and Tax Increment Financing funds, Stothert said.Their plan is a redesigned, much higher-value development that is now approximately $900 million.The first phase of the project will include a 92,000-square-foot entertainment complex and a 40,000-square-foot center green. “We are proud to partner with a city that continually reinvests in itself,” Jeff Woodbury, senior vice president of development and acquisitions, said. “Omaha’s commitment to progress and innovation is unique and …