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NU Basketball Teams Would Be Anchor Tenants
Nebraska fans might think about circling May 11, 2010, on their calendars - the date the Lincoln Haymarket Arena Project will be decided by a public vote.
The linchpin in the vote is a new 16,000-seat arena that would be built in the city's West Haymarket Area. The project also includes an ice center, a 200-room hotel, 100,000 square feet of retail space, another 100,000 square feet of office space and 100 residential units.
In addition, 2,340 parking stalls will be added, increasing the total to 7,100 parking stalls within walking distance of an arena intended to become the city's primary public gathering place.
The new arena would become the home of the Nebraska men's and women's basketball programs because the NU Athletic Department would commit to 30-year leases for both teams as anchor tenants.
As planned, Nebraska basketball will benefit from a first-class Division I basketball facility that will include suites, club seating and all the other amenities. The arena also would become a new venue for other sports, entertainment, recreation and retail in Nebraska's Capital City.
"We're embarking on a joint public agency that brings together the City of Lincoln and the University of Nebraska and enables both to do some financing that a single entity can't do," Nebraska Athletic Director Tom Osborne said.
The creation of an estimated 1,200 permanent jobs "would certainly be good for the tax base of Lincoln and would certainly attract people to the community," Osborne said, adding that the Lincoln Haymarket Arena Project is designed to transform underutilized land into an expanded downtown core.
"From a basketball standpoint in the Big 12 Conference, we obviously have fallen quite a ways behind," Osborne said. "All of the schools in the Big 12 either have a practice facility for basketball or have one under construction."
That will change in the next year-and-a-half when a new NU practice facility will be built next to the Bob Devaney Sports Center.
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