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Gold's Building up for sale; lack of historic tax credits scuttles redevelopment plans

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A Lee Enterprises, Incorporated newspaper. Majority shareholder: David Hoffmann, Hoffmann Media Group.

Editor's Pick Alert Top Story

Gold's Building up for sale; lack of historic tax credits scuttles redevelopment plans

• Margaret Reist
• Jul 22, 2021
• Jul 22, 2021 Updated May 25, 2023
• 0

1 of 2

A redevelopment plan to create about 180 mostly one-bedroom units and renovate the first floor of the Gold's Building has died.

• JUSTIN WAN, Journal Star file photo

The exterior of Gold's Building is seen from O Street.

• JUSTIN WAN, Journal Star

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Margaret Reist

The owner of the Gold’s Building -- the once venerable downtown department store anchoring 11th and O streets -- says he plans to demolish the building after the latest redevelopment plans fell through.

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Top Journal Star photos for July

Top Journal Star photos for July

Lincoln, Nebraska - 07/19/2021 - Marcus Williams helps Lydia Lucas try on her new hat at the Heads or Tails Hats booth at the NHSFR Rodeo & Horse Expo on Monday, July 19, 2021, at Lancaster Event Center. EAKIN HOWARD, Journal Star

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Lincoln, NE - 7/14/2021 - Former University of Nebraska Athletic Director Tom Osborne (L) speaks with new athletic director Trev Alberts on Wednesday, July 14, 2021, at Memorial Stadium. GWYNETH ROBERTS, Journal Star

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LINCOLN, NEB. - 07/10/2021 - Lancaster County Agriculture Society Secretary John Cooper (right) and board member Bryce Doeschot (center) work with Lancaster Eventer Center Operations Manager Neal Huss (left) to clean up damage from an overnight storm which destroyed temporary horse stalls on Saturday, July 10, 2021. The event center is looking for volunteers to show up Sunday at 8 am to help with the clean up. Closed-toe shoes, ideally boots, should be worn. Leather gloves will be provided if you don't have them. Volunteers can call 402-441-6545, option 0 or show up at 8 am on Sunday. Larger donations of labor should call managing director Amy Dickerson at 402-429-1950. FRANCIS GARDLER, Journal Star

FRANCIS GARDLER

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Lincoln, NE - 7/19/2021 - Taylor Allen competes for team Louisiana in the bull riding event at the National High School Finals Rodeo on Monday, July 19, 2021, at Lancaster Event Center. GWYNETH ROBERTS, Journal Star

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Lincoln, NE - 7/19/2021 - A robotic welder works on Monday, July 19, 2021, at Kawasaki. GWYNETH ROBERTS, Journal Star

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LINCOLN, NEB. - 07/19/2021 - Before her confirmation vote as Lincoln Police chef, Teresa Ewins talks with Lincoln Police Sgt. Angela Sands, Monday, July 19, 2021, at City/County building. JUSTIN WAN, Journal Star

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LINCOLN, NEB. - 07/20/2021 - Gus Albertson (from left) and Brody Tunks of Missouri talk with Cauy Masters of Iowa as her horse, Smoker, shakes off the water during National High School Finals Rodeo at Lancaster Event Center, Tuesday, July 20, 2021. JUSTIN WAN, Journal Star

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LINCOLN, NEB. - 07/21/2021 - Zoe Ritz of Waverly goes bull riding during the Remarkable Kids Rodeo on Wednesday, July 21, 2021, at the Lancaster Event Center. FRANCIS GARDLER, Journal Star

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Jake Schlattmann of Greybull, Wyo., gets bucked off while competing in the saddle bronc riding event during the National High School Finals Rodeo on July 19 at the Lancaster Event Center. A new report says the rodeo had a nearly $18 million economic impact on the state.

Journal Star file photo

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Lincoln, Nebraska - 07/16/2021 - Alex Gordon waves to the crowd after lighting the cauldron during the Opening Ceremonies of the Cornhusker State Games on Friday, July 16, 2021, at Seacrest Field. EAKIN HOWARD, Journal Star

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Lincoln, Nebraska - 07/19/2021 - Clarke Gordon prepares to lasso his steer while competing in the Tie-Down Roping event during the National High School Finals Rodeo on Monday, July 19, 2021, at Lancaster Event Center. EAKIN HOWARD, Journal Star

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LINCOLN, NEB. - 07/17/2021 - Jaxyn Stroh of Omaha prepares for his dive on Saturday, July 17, 2021 during the Cornhusker State Games Diving event at Woods Memorial Pool. FRANCIS GARDLER, Journal Star

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LINCOLN, NEB. - 07/21/2021 - Lakin Cunningham of Louisburg, Kansas participates in the Goat Tying Competition at the National High School Finals Rodeo on Wednesday, July 21, 2021, at the Lancaster Event Center. FRANCIS GARDLER, Journal Star

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LINCOLN, NEB. - 07/02/2021 - Lincoln Southeast High School senior Analiese Vontz (left) smiles as she poses with her diploma inside a selfie frame held by Lincoln Public School bilingual liaison Shaima Shakir on Friday, July 2, 2021, at the school's commons area. Roughly 145 seniors received their diplomas at LSE and Lincoln North Star after completing summer school FRANCIS GARDLER, Journal Star

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LINCOLN, NEB. - 07/17/2021 - Cameron Thomas from Union County, Kentucky eyes the horns of a mobile steer during a roping competition on Saturday, July 17, 2021 during the Welcome to Lincoln Day in the Railyard. FRANCIS GARDLER, Journal Star

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LINCOLN, NEB. - 07/05/2021 - Omarion Parker, 5, players in the water, Monday, July 5, 2021, at Pawnee State Recreation Area. JUSTIN WAN, Journal Star

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Seward, Nebraska - 07/04/2021 - Peter Seger blows the biggest bubble of the day during the championship round of the Bubble Gum Contest on Sunday, July 4, 2021, in the Bandshell. EAKIN HOWARD, Journal Star

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LINCOLN, NEB. - 07/01/2021 - American Ballet Theatre dancers perform on Thursday, July 1, 2021, at Pioneers Park. FRANCIS GARDLER, Journal Star

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Wilber, NE - 7/1/2021 - Bailey Boswell listens to defense attorney Todd Lancaster (not pictured) during Boswell's sentencing hearing on Thursday, July 1, 2021, in Saline County District Court. GWYNETH ROBERTS, Journal Star

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Deb Allen (left) and her kids Isabelle (center) and Jasmine (right) watch the Uncle Sam Jam fireworks show at Oak Lake Park in Lincoln in 2021.

Journal Star file photo

Reach the writer at 402-473-7226 or mreist@journalstar.com.

On Twitter @LJSreist

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A redevelopment plan to create about 180 mostly one-bedroom units and renovate the first floor of the Gold's Building has died.

• JUSTIN WAN, Journal Star file photo

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The exterior of Gold's Building is seen from O Street.

• JUSTIN WAN, Journal Star

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