NORFOLK – It’s been talked about for a while now, but a large corridor on Norfolk’s east side may soon be studied for redevelopment purposes.
Last week, the Norfolk City Council voted to authorize submitting almost 750 acres of land along East Omaha Avenue to the Norfolk Planning Commission for a blighted and substandard determination study.
City Administrator Andy Colvin says if approved, developers could then utilize tax increment financing in that part of town. Colvin says the area has tremendous potential.
A study done on the area by the Northeast Nebraska Economic Development District said that of the almost 800 properties in the study area, about 42 percent would be considered in poor or dilapidated condition in their opinion.
The Norfolk Planning Commission will now study the development district’s findings and recommend to the council whether or not to accept the blighted and substandard status.