Oddly enough, I happened to watch the city council subcommittee meeting on local cable when they were discussing this. I think some facts here are inaccurate. First of all, 71% of the funding for the project was to be privately funded. Johnson County is even kicking in some money for this, although it was unclear how much.
The super TIF must pass, or the project will essentially be dead. No super TIF = no state funds = dead in the water. I doubt they'll present another funding option to the city if this fails. I'm sad to say it, but it seems like the city is more than happy to let this part of the city continue to decline. I'm not sure there is anything that could be placed out here that would be a success given the surrounding area. It's a real shame too because the mall sits at the intersection of three major highways, all of which are currently being renovated. Can't ask for a much better location.