Its hard to say what the future of a lot of old buildings in Omaha is. Besides being prone to fires, their new enemy is city government who is constantly knocking things down to put up new things. At the same time, many historic buildings have been remolded and renovated, made into loft apartments, art studios, and concert halls. Downtown Omaha is going through a renaissance and its quite exciting.
They've built this brand new preforming arts center (right next to that wall):
the inside:
