[kryptos]

Originally Posted by jsf8278

Now that the arena deal is dead, I hope that the city (as Kevin McCarty suggested) will continue to look at using revenue from parking for some other purpose. $250 million would go a long way toward building the intermodal station, developing K & R Streets, ect. The possibilities are endless, and I think it's at least worth exploring. Additonally, if (or when, I guess) the Kings leave, they have to pay up on their loan, right? That's another $60+ million for the city.

I supported the railyard arena b/c I thought it would greatly increase the likelihood that the railyards actually gets developed, and in my opinion, the city does need a new arena.

But...I think its hard to justify keeping the Kings when we could potentially use $300+ million on other city projects. Unfortunately, when these things die, people tend to be exhausted and not want to pursue alternatives.

the money dies with the arena