Comstock's magazine 0419 - April 2019 - Page 29

er product. Sometimes you’re sitting on it for several months before you actually sell it or transfer it to a customer. A foreign trade zone allows the company to defer the payment of those duties until such time as they essentially have an order for their product. … This building where Precision will be is only part of the area that can be used as a foreign trade zone. So what’s going on downtown? Downtown Lincoln has been the heart of the community for 150 years, and we’re very fortunate to have historic buildings that have stood the test of time. One of the more prominent ones is the Odd Fellows building. The building on Fifth Street was recently purchased for Double Bar- rel Smokehouse, a very popular barbeque in Lincoln, which relocated [there]. They just opened. Another historic building on Lincoln Boulevard and Sixth Street — the former Lincoln Hotel — is being completely renovated and will be the new home for Old Town Pizza, a very success- ful locally owned pizza restaurant. Down Lincoln Boulevard, the long brick building called Lincoln Brand Feeds, that build- ing is in the process of being acquired. Each of these properties had been owned by their previous owners for decades. … When new owners come in, they come in with new investment, new ideas about what to do with the properties and, quite frankly, a lot of motivation. With those three properties changing hands, all within the last year, that’s a great signal for investors’ confidence in Lincoln and the downtown. Is Lincoln dealing with a lack of afford- able housing? ple impacted by the fires, especially the Camp Fire. But we’re definitely seeing former Bay Area residents relocating out here. The housing product being built in Lincoln, or that’s on the books right now, most of it is single-family. But our general plan requires higher densities, and part of the reason is so housing affordability can be maintained — higher density usually results in relatively lower costs. So that’s a priority for the city to make sure we’re achieving higher density in development to help with affordability. n Sena Christian is the managing editor of Comstock’s. On Twitter @SenaCChristian or There’s a tremendous lack of affordable housing. It’s the same in Lincoln as it is everywhere else in the region. Interest- ingly, we’re seeing a large influx of peo- Hanson McClain Advisors is updating their name to Find out why at Hanson McClain Advisors is an Investment Advisor registered with the Securities and Exchange Commission. Securities offered through Hanson McClain Securities, a Registered Broker/Dealer, member FINRA/SIPC. April 2019 | 29