"We're encouraging housing. That's going to make this city viable, that's what's going to bring the Downtown back," city Councilwoman Sandy Allen says. The proposed "Triangle" project is expected to bring 600 workers into Downtown, while bringing the city more than $13 million in property taxes, and about $200,000 in income tax revenue.

Due to state budget concerns and questions from the city council, the project has been on hold for the past two years. Council members say they'd like to see it move forward, as long as it includes new housing. Developers, meanwhile, say the project will be a major new feature for the city.

Ferguson says the team hired the same security architect who designed the Pentagon in Washington, DC. However, he says the developers are not sure how much all of this is going to cost, or even exactly how it will look. The city council approved the sale of the land last week, but developers still need final approval from the State Administrative Board.