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Mutual of Omaha Mutual of Omaha is a Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. Founded in 1909 as Mutual Benefit Health & Accident Association, Mutual of Omaha is a financial organization offering a variety of insuranc ...
Headquarters Tower will be a , 44 story skyscraper at 1614 Dodge Street in
Downtown Omaha, Nebraska Downtown Omaha is the central business, government and social core of the Omaha-Council Bluffs metropolitan area, U.S. state of Nebraska. The boundaries are Omaha's 20th Street on the west to the Missouri River on the east and the centerline ...
. It is estimated that it will be completed in 2026. On January 26, 2022, Mayor
Jean Stothert Jean Louise Stothert (née Wolf; born February 7, 1954) is an American politician and former nurse serving as the 51st mayor of Omaha, Nebraska. She is the first woman to hold the office and was sworn in as Mayor on June 10, 2013. She was re-elec ...
and
Mutual of Omaha Mutual of Omaha is a Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. Founded in 1909 as Mutual Benefit Health & Accident Association, Mutual of Omaha is a financial organization offering a variety of insuranc ...
announced a pair of major developments for the city. Mutual of Omaha will move its headquarters into the downtown core to the site of the former W. Dale Clark branch of the Omaha Public Library, with a skyscraper that will transform downtown Omaha's skyline; the 677 ft (206 m) height of the building will make it the new tallest building in Omaha. Stothert also revealed plans for a
streetcar A tram (called a streetcar or trolley in North America) is a rail vehicle that travels on tramway tracks on public urban streets; some include segments on segregated right-of-way. The tramlines or networks operated as public transport are ...
from the riverfront park to the
University of Nebraska Medical Center The University of Nebraska Medical Center (UNMC) is a public academic health science center in Omaha, Nebraska. Founded in 1869 and chartered as a private medical college in 1881, UNMC became part of the University of Nebraska System in 1902. R ...
. The plan entails the library branch to be out of its current building by September 2022, with demolition in December. On February 2, 2022, the
Omaha City Council The City Council of Omaha, Nebraska, is elected every four years on a nonpartisan basis. The next election will occur in 2025. Omaha has a strong mayor form of government. Members are elected by district. Currently seven city council districts ...
voted 4 to 3 to approve lease agreements for a new downtown library location, in a building at 1401 Jones Street, a spot just west of the Old Market. Council members Aimee Melton, Brinker Harding, Don Rowe and Pete Festersen voted in favor of the lease, while Danny Begley, Juanita Johnson and Vinny Palermo voted against. On February 25, 2022, Mutual of Omaha requested more than $60 million in
tax increment financing Tax increment financing (TIF) is a public financing method that is used as a subsidy for redevelopment, infrastructure, and other community-improvement projects in many countries, including the United States. The original intent of a TIF program is ...
. Omaha Planning Department documents and plans submitted to the city refer to the tower as "Project Beacon." The skyscraper will include 800,000 square feet of office space and 2,200 parking stalls. The skyscraper has a projected price tag of $433 million. Project Beacon is part of a plan to add 30,000 new jobs and 30,000 new residents in the Downtown Omaha in the next two decades. Several elements are already in the works, including
Project NExT National Ticketing Solution (NTS) is a public transport payment system in development for New Zealand. It is contracted to American company Cubic. It is expected to start roll out in the Canterbury region in 2024 and available nationwide by 2026 ...
at UNMC, redevelopment of the W. Dale Clark library site, and a streetcar running from Midtown to Downtown.
Greater Omaha Chamber of Commerce The Greater Omaha Chamber of Commerce is the chamber of commerce in Omaha, Nebraska. When United States Federal Reserve Chairman Ben Bernanke spoke to the chamber in 2007, his comments were noted for his continued endorsement of globalization. I ...
's President and CEO David Brown said in the last decade, the metro's population grew by about 12 percent. Brown said the area needs to continue that momentum, and maybe increase it, if it wants to move forward. "If we don't, then businesses are going to be faced with a situation where if they can't find the people that they need, they will invest in other places instead to find those people and that's just not a good sign for us," Brown said, "If that becomes the norm, then Omaha stops growing. If Omaha stops growing, it doesn't stay the same, it shrinks. Because in this business, you're either growing or you're shrinking. I've long had a dream, that we would be on the list. That when we talk to any
college A college (Latin: ''collegium'') is an educational institution or a constituent part of one. A college may be a degree-awarding tertiary educational institution, a part of a collegiate or federal university, an institution offering ...
students in the
Midwest The Midwestern United States, also referred to as the Midwest or the American Midwest, is one of four Census Bureau Region, census regions of the United States Census Bureau (also known as "Region 2"). It occupies the northern central part of ...
and say what cities are you willing to consider to live and work in? That Omaha's in their top 10. We're not in the top 10 yet. We're not in the top 20. So we've got some work to do," Brown said. The streetcar would span a stretch from Cass Street to Farnam Street on South 10th Street, Farnam west to 42nd Street, and back to 10th Street on Harney Street. Stothert said the streetcar will be built, operated and maintained without a
property tax A property tax or millage rate is an ad valorem tax on the value of a property.In the OECD classification scheme, tax on property includes "taxes on immovable property or net wealth, taxes on the change of ownership of property through inheri ...
or sales tax increase. The streetcar will also be free to all riders. According to a press release, the streetcar project is projected to cost $306 million, which includes a 35% contingency. The streetcar system and Mutual of Omaha Tower will be designed in 2022 and 2023, with construction to run from January 2023 through 2025 and testing and initial operation scheduled for 2026.


See also

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Economy of Omaha, Nebraska The economy of Omaha, Nebraska is linked to the city's status as a major commercial hub in the Midwestern United States since its founding in 1854. Dubbed the "Motor Mouth City" by ''The New York Times'',Feder, J"Omaha: Talk, Talk, Talk of Telemarke ...
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List of tallest buildings in Nebraska This list of tallest buildings in Nebraska ranks skyscrapers in the US state of Nebraska by height for existing and proposed structures, including towers for Woodmen of the World and the First National Bank of Omaha. Omaha's tallest building is ...
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List of tallest buildings in Omaha, Nebraska The tallest buildings in Omaha, Nebraska include towers for Woodmen of the World and the First National Bank of Omaha. Omaha's tallest building is the , 45-story First National Bank Tower. Completed in 1969, the , 30-story tall Woodmen Tower ...
* List of tallest buildings by U.S. state and territory *
Mutual of Omaha Mutual of Omaha is a Fortune 500 mutual insurance and financial services company based in Omaha, Nebraska. Founded in 1909 as Mutual Benefit Health & Accident Association, Mutual of Omaha is a financial organization offering a variety of insuranc ...
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Mutual of Omaha Building The Mutual of Omaha Building is a 285-ft (87 m), 14-story skyscraper in midtown Omaha, Nebraska, United States. Built in 1970, it is currently the sixth tallest building in Omaha. The building houses the headquarters of Mutual of Omaha Insurance ...
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Omaha Streetcar The Omaha Streetcar is a proposed streetcar in Omaha, Nebraska. History Background The Omaha-Council Bluffs streetcar era began operations in 1868. By 1890, the metropolitan area had of tracks — more than any city except Boston. The Omaha ...


References


External links


Greater Omaha Chamber Urban core planOfficial Mutual of Omaha company websiteProposed route for Omaha's streetcarTotal Mobility System
{{Tallest Buildings by U.S. state, state=autocollapse Skyscraper office buildings in Omaha, Nebraska Mutual insurance companies of the United States