On July 2, 2012, the City of Lincoln will release the Invitation for Redevelopment Proposals (IFRP) for the Downtown Lincoln, Pershing Center Site. The early release of this draft of the IFRP is hoped to give developers time for planning and collaboration. The IFRP will be released nationally, and open to public, private, and/or non-profit entities.
The City owns the Pershing Center Block located between Centennial Mall and 16th Street and M and N streets. Pershing Center is the City's main auditorium and has hosted a variety of events from concerts to sporting events to trade shows for more than 50 years. However, the facility is now considered by many, particularly those in the entertainment industry, to be significantly functionally challenged. In 2010, residents of the City of Lincoln passed a bond issue in support of the construction of the West Haymarket Arena, a $340 million dollar investment infrastructure, parking, and a 16,500 seat arena in Downtown Lincoln. The ground breaking for the Arena occurred in the summer of 2011. The Arena project will be complete by the fall of 2013.
The Arena project has created the opportunity for the redevelopment of the Pershing Center block. By the time the West Haymarket Arena is complete, the City hopes to have an agreement in hand for the Pershing Center Project, and plans construction to begin in 2014. The site has many possibilities, from public to private uses, from one user to multiple users, from the reuse of the existing building to new construction. Whatever the project, Downtown Lincoln is a good investment to make.
The Urban Development Department of the City of Lincoln will be accepting redevelopment proposals to redevelop the Pershing Center Site between July 2, 2012 and October 1, 2012. If you have questions about this opportunity, please check with our project contacts.