The authority's board of directors last week approved soliciting proposals for what's known as bridge financing related to the project.
The money will help the authority take care of "immediate needs" such as engineering, architectural fees and other design-related costs, said
The bulk of the project's funding will come from a
"We'll borrow this money for the short term, and use the funds from the bond to pay those off," Iverson said.
Iverson said the authority will publicly advertise for bridge financing proposals later this week.
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