Developer model puts Innovation Campus risk on Tetrad

As state lawmakers wrestle with how to help grow Nebraska Innovation Campus, the University of Nebraska-Lincoln is benefiting from a developer-at-risk model that asks Tetrad Property Group to bear “considerable financial risk” to develop the site.

The costs of construction, the responsibility for paying tax-increment financing bonds purchased to improve the infrastructure of the site, and leasing space not rented by UNL all fall to the private developer, according to documents submitted to the Legislature’s Appropriations Committee.

That responsibility, though rare, is important…

read more