The objective is to have this project be tax neutral or result in a tax rate decrease because of an increase in the tax base. The public infrastructure would hopefully be financed, at least in part, through state and federal grants, and from new tax revenue generated by the new construction, although this might initially require town bonding. The private development will be financed by developers and property owners, who may also help pay for common amenities such as wastewater management, sidewalks and landscaping. The town might consider creating a Tax Increment Financing (TIF) District like the one just approved in Old Saybrook, under which new tax revenue generated by new construction may be allocated, in whole or in part, to improvements in the district and to financial inducements to developers. In all events, any material town expenditures will have to be approved at a town meeting.