Ho-Chunk Incorporated, the economic development branch of the Winnebago Tribe of Nebraska, recently announced it will invest 7 million in four development projects in South Sioux City, Nebraska. Ho-Chunk Incorporated Chief Executive Officer Lance Morgan said million of that amount will go toward Flatwater Crossing, a mixed planned community including 600 apartments and townhomes, 400 single-family homes and a 67,000 square foot Village Center with a restaurant and office space. Built along the Missouri River, Flatwater Crossing also will offer a network of trails, greenspaces and river views. Phase one will be completed in late 2016 and phase two in spring 2017. The overall development will take 10 years to finalize.
Morgan noted, “Nebraska means flatwater in the Otoe Indian language and so we’ve always kind of liked the name. We added the crossing to it because the areas defined by the railroad bridge and then the Highway 20 bridge going over between Iowa and Nebraska.”
South Sioux City Mayor Rod Koch added, “We want to get jobs into South Sioux. We want to attract people. We have to have affordable housing. We have to have housing that the young professionals can live in and nice neighborhoods, trails, bike trails.”
The three other projects are Virginia Square in Sioux City, Pearl Street in Sioux City and 303 Dakota in Dakota Dunes, South Dakota. The $24 million Virginia Square project will rehab three historic buildings in the old Warehouse District, offering high-end contemporary condominiums, apartments and mixed use space for office or retail. The historic buildings at 607 and 615 Pearl Street will be rehabbed into residential and retail units at $1.2 million. The $7.5 million 303 Dakota will be a master planned community.
Morgan said Ho-Chunk also plans to develop the former Atokad Park Race Track into a casino, depending on the success of a statewide petition drive that would allow residents to approve gambling.
