This document from a City Council work session shows Council members how the city could potentially get the cash to fund the Bull Street project.
Almost two dozen different sources tied to taxes including hospitality alcohol and tobacco taxes and water and sewer funds.Read the memo on potential Bull Street funding sources Part 1 (PDF) Part 2 (PDF). The city says they expect full development of the campus to take 20 years. City officials pointed out that the full investment will only be made if the developer shows an $81.25 million return on that investment.Benjamin has said that the 181-acre campus is "the largest development of tract of land in any major downtown East of the Mississippi." The agreement also protects several of the historically significant buildings on the property including: The Babcock Building (including North and South wings), The Williams Building, The Chapel of Hope and Tree Allee. For other building on the grounds, the developer must give City Council the opportunity to relocate them if they are not fit into the final design plan before they could be demolished. The agreement comes after the Bull Street property spent ten years on the market and a further two and a half years of negotiation with the developer.