The Norfolk City Council is set to vote at its meeting Monday on the approval of the purchase of the former Norfolk Livestock Market property in south Norfolk, as part of the city’s long term plan to redevelop the area.
As part of the agreement, the city would purchase the property, located at 1601 S. First St., for $1,040,025 from Nebraska Livestock Sales LLC.
In March, the city council convened at the NPPD facility in Norfolk for a work session to establish priorities over the next four years. One of the highlighted priorities outlined was the former stockyards and south Norfolk redevelopment.
The purchase agreement is the result of negotiations over the past nine months. The acquisition is included in the city’s recent capital improvement plan and paid for from council priority dollars and landscape master plan funds.
The agreement has a closing date of on or before June 30, 2027, but the actual closing date is anticipated to be in early January 2027.