The ownership group intends to bear any increased costs for the roadwork due to the addition of the stadium project, according to one of the sources.

MoDOT hopes to have bids for the Jefferson Avenue project by March, according to the meeting materials.

In a statement, a spokesman for the ownership group thanked the city, MoDOT and the state for their work on the project.

"It takes a collective effort to tackle a project of this scale and we want to be respectful of the process we’re currently working through with them," the group's statement said. "We look forward to sharing more information as soon as we’re able to.”

A city spokesman declined to comment.

Financing plans

Though the Taylor-led group would own the stadium, it still plans to ask for 25 years of property tax abatement on the value of the stadium development. The MoDOT land is tax-exempt now, but the ownership group plans to pay property taxes on the value of the undeveloped land based on what MoDOT agrees to sell it for.

It would also continue paying existing property taxes based on the current value of several private properties it intends to acquire along Olive Street.