Posted Aug 30, 2024, 12:20 AM
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Moderator
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Join Date: Jan 2009
Location: Austin, TX / Portland,OR / Chicago, IL
Posts: 14,402
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https://www.klkntv.com/with-110-million-lincoln-skyscraper-on-hold-lot-will-be-green-space-for-now/
Quote:
LINCOLN, Neb. (KLKN) – The Lincoln Bold skyscraper has hit a roadblock, and construction has been placed on hold.
Without a date set to break ground, the developers plan to do something different with the space at Ninth and P streets for the time being.
The glass building will cost more than $110 million, with $24 million coming from the city.
Construction was set to start on the 22-story Lincoln Bold project last August.
“Unfortunately, we ran into headwinds of high interest rates,” developer Steve Glenn said. “They went up almost 4% during the design elements of it, so we thought it’s prudent to wait until the interest rates drop.”
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