03 / public financing
build it for the public. pay it back from the district.
the working concept is for the city to finance and lead the project, with public bonds funding construction up front. as homes are completed and occupied, rents and other district revenues begin to flow back to the public project.
the district is meant to remain a public asset. bond payments are repayment of public borrowing, not a distribution of profits to private landowners.
residents should be able to see the full ledger: what it costs, when revenue arrives, how debt is repaid, and what remains for public use.
this is a concept-level financing case, not an underwritten bond plan. the city would need to publish an independent model with construction costs, contingencies, lease-up timing, operating costs, debt service, and reserves.