On August 28, 2024, Council approved a report outlining a funding strategy to continue to advance the Downtown Event and Entertainment District. The funding strategy does not require an increase to the property tax rate, rather it relies on a mix of funding sources, including public and private contributions, grants, user fees and other funding tools. 

City administration will now proceed to work out the details of the strategy and secure funding for the project. The city says it plans for a mix of financial sources, including covering about 27.5 to 33 percent of the project cost itself, with a 30-year debt repayment plan.