COEUR d'ALENE - On Wednesday, Lake City Development Corp. will know how much money it could borrow to help fund the McEuen Field redevelopment project.

While the urban renewal agency won't pinpoint during its monthly meeting the precise amount it could be willing to pay for the project, it will find out how much revenue its Lake District could generate before closing in 2021.

From those figures, the board will later decide how much it would be comfortable dedicating to just the downtown park.

"We want to make sure we have that cushion," said Rod Colwell, board member and finance chairman, on ensuring future projects and costs are factored into the decision. "Of course, the board is going to need time to digest it and think about it."

Colwell and LCDC director Tony Berns declined to release the projected revenues prior to the 4 p.m. board presentation in the Community Room of the Coeur d'Alene Public Library.

But LCDC's Lake District specifically included McEuen Field in its boundary when it was created in 1997 in anticipation of helping fund a project there.

That day appears closer, as the conceptual design team - Team McEuen - estimated last week the project could cost between $23 and $39 million.

Urban renewal agencies collect increment property revenues generated inside their districts. Those revenues can be allocated to public and private developments inside those boundaries.

Typically, developers front the money, and the agency pays them back from property tax revenues those specific projects generate. On public properties that do not pay property taxes, the money is allocated as a grant.

According to the Kootenai County Clerk's Office, LCDC is expected to take in $5.62 million in tax increment financing in fiscal year 2011, $3.9 million of which inside the Lake District.

Another project the board is planning to help fund is the education corridor infrastructure expansion project.

Phase one of that two-phase project accounts for roughly $7.3 million of the $9 million total.

In January, the agency agreed to contract SNW, an asset management firm with a Boise office specializing in debt securities - for $11,250 to analyze the district's potential revenues.

SNW representatives did not return messages Monday.

Wednesday's presentation will include estimated interest rates on potential lending.

In other business,Kootenai Youth Recreation Organization is expected to request up to $200,000 for public improvements associated with rebuilding its ice rink off Seltice Way.