![BUSINESS NEWS THIS WEEK:STREETS AND ROADS: S. 98th Street is now partially paved between Old Cheney and Pioneers Blvd. a...](https://img3.medioq.com/312/920/1345086543129204.jpg)
01/20/2025
BUSINESS NEWS THIS WEEK:
STREETS AND ROADS: S. 98th Street is now partially paved between Old Cheney and Pioneers Blvd. and from Van Dorn to A, according to the Lancaster County Engineering Department.
RESTAURANTS: Eschliman Commercial Real Estate and Grow Lincoln research indicated a 25% drop in the number of restaurants opening this year, but also a 52% drop in the number of restaurants closing, compared to last year. Black Sheep restaurant opened and closed in one year.
INFLATION IN HOME PRICES: Approximately one-third of the cost of a new construction home is lumber, and a tariff of 25% on Canadian lumber is expected to be implemented with the new administration. The Realtors Association of Lincoln in December reported a 5.3% YTD increase in average closed price of new homes.
$1.5 MILLION DONATION TO UNL COLLEGE OF BUSINESS: Lincoln donor and CPA Doug Lienemann said in a Grow Lincoln interview that attending UNL was “baked in” to his family growing up experience. Dean Kathy Farrell said that “freshman enrollment increased about 24% with students choosing accounting as their major.”
LJS, BUS STATION: The bus service by Gold’s Galleria at 11th and N has relocated to 11th and L. It is expected to be there for approximately three years until it can move to a new building at 10th & H Streets.