CHICAGO — Lincoln, Neb., would partner with the University of Nebraska to build a $344 million arena on a stretch of blighted rail yard west of downtown under a plan that will go before the city’s voters in May.

A tax increase targeting the city’s bars, restaurants, hotels, and car rentals would back a big chunk of the debt financing the new development. The bonds would also feature a pledge of the triple-A rated city’s full faith and credit.

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