The City Council has multiple options it is considering to finance the project(s) and most likely will require and choose to use a combination of these options. They include:
- Iowa DOT Contributions ($1.5~ million verbally committed to date)
- City debt service (property tax)
- Tax Increment Financing (TIF)
- Special Assessments
- Escrow Account for turn lanes required of developers ($416,819)
The City Council has not taken action on any combination of these options, but has been in review with both legal and financial advisors regarding options.