The 11-person group directed its Riverwalk committee to prepare options for traditional financing mechanisms from local banks and others to get the first phase rolling by late this year or early next year.
The group expects to review the options at its
The group also gave the Riverwalk committee the green light to start drafting detailed design plans for the
The moves come after
Urban Renewal saw the loan as a way to save millions of dollars in fees and interest costs but the idea drew support from only two of seven council members.
On Tuesday, several Urban Renewal board members criticized council's vote but the group as a whole pivoted to drawing up plans to move the project forward.
Whatever financing option is put in place, funding to pay for the first phase and subsequent phases is flowing -- and at a faster clip than planners imagined.
In just two years, the city has received
The city expects the annual contributions will keep growing each year, possibly reaching about
The Urban Renewal board left open the option of requesting a November ballot question on the half-cent loan but most members sounded cool to the idea, saying they do not want the project delayed any further. firstname.lastname@example.org
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