IMAGINE SARPY: Implications of $975 million in lost property valuation to county, schools and cities

Sarpy County

IMAGINE SARPY: Implications of $975 million in lost property valuation to county, schools and cities

Date: 
August 04, 2020

“We can talk on and on about the negative impacts of OPPD’s project and how its location goes against what the county and cities have been working toward,” Sarpy County Board Chairman Don Kelly said, “but at the end of the day, the biggest loser here is our residents. They’ll never see the benefits from the additional revenue we project if Platteview Road develops according to our Future Land Use Map. That’s revenue that could better fund our schools, our law enforcement agencies, build better roads and serve as the basis for property tax relief.”
 
Sarpy County’s planning consultants estimate that the western Platteview Road corridor, once developed with a mix of businesses and homes, could generate several billion dollars in property valuation.
 
That figure assumes that the Platteview corridor would develop comparably to other major arterial corridors in the Omaha metropolitan area.
 
However, Omaha Public Power District purchased land along Platteview Road between 156th and 192nd streets with the intention to build a utility-scale solar farm big enough to power the city of Lincoln and 450 MW natural gas plant, cutting a potential $975 million in property valuation.
 
“The corridor will not reach its property valuation potential if OPPD follows through with its rushed plan that flies in the face of years of collaborative work,” Kelly said.
 
A property valuation loss nearing $1 billion has a major impact on the county, schools and other political subdivisions in Sarpy County. Using today’s tax rates, according to an analysis by the Sarpy County Fiscal Office, the loss would amount to:

  • $11.9 million a year – split between Gretna and Springfield-Platteview school districts
  • $2.8 million – Sarpy County (911 center, Sheriff's Department, roads)
  • $926,000 – Metropolitan Community College
  • $560,000 – split between the Springfield and Gretna Rural Fire districts
  • $364,000 – Papio-Missouri Natural Resources District
  • $157,000 – Learning Community
  • $146,000 – ESU
  • $27,000 – Ag Society

These figures do not include the impact on cities and Sanitary Improvement Districts.
 
“This growth is so important because expanding the tax base means our residents continue to get excellent service, and their taxes don’t need to go up and in some cases may be reduced,” Kelly said. “We understand the desire to keep Sarpy County rural in nature, but OPPD’s project does not accomplish that. Their project brings a natural gas-burning plant to our county, stifles future development in a key area, and ensures a $1 billion property valuation potential won’t be realized.”