A Better Region 8: The Money Pit - KAIT Jonesboro, AR - Region 8 News, weather, sports

A Better Region 8: The Money Pit

(Source: KAIT) (Source: KAIT)
JONESBORO, AR (KAIT) -

That's a scene from the 1980's movie "Money Pit."  The movie features a couple who spends their money to repair a hopelessly dilapidated house

Here in Jonesboro, we have our own potential money pit.  The Citizen's Bank building has been an eyesore in downtown for years and the city of Jonesboro has continuously looked for ways to fix the issue.

Earlier this year, Jonesboro Mayor Harold Perrin said that he was making it a priority to find an investor who will revive the Citizen's Bank Building in 2017.

This week, The Mayor took other business leaders to Springfield, Missouri to find out how they rescued and revitalized a dilapidated building in their downtown area. Perrin also told us they wanted to see how they do it, and how they paid for it.

And that's a good thing because the city is looking at dipping into reserves next year to operate and has even floated the idea of a sales tax to cover any shortfall.

I'm sure grant money plays into the idea of revitalizing the building but investing more money than what it takes to demolish it, is simply a waste no matter the source.

Perhaps focusing our energy and money on public-private partnerships that truly benefit the people of Region 8 like a water park, better roads, quality of life improvements and taking down this albatross are better ways to spend money.

There will no doubt be people out there who disagree with this opinion and we're ok with that. People on both sides should let us know how they feel by emailing abetterregion8@kait8.com.  We'll share opinions from both sides in a future editorial.

In the meantime, if you want a good laugh, check out "The Money Pit" but keep the Citizen's Bank building in the back of your mind while you watch.

Calling it like we see it, listening to each other and not falling into a money pit makes this A Better Region 8.

- Chris Conroy, KAIT VP & General Manager

Copyright 2017 KAIT. All rights reserved.

Watch Region 8 News On Demand: On your Desktop | On your Mobile device

Region 8 News App - Install or update on your: iPhone | Android

  • Region 8 News</span><a class="customMoreLink" href="/Global/category.asp?C=4391" target="_top">More >></a>Region 8 NewsMore>>

  • Lake City officials take wait and see approach on flooding

    Lake City officials take wait and see approach on flooding

    Friday, February 23 2018 11:11 PM EST2018-02-24 04:11:18 GMT
    Friday, February 23 2018 11:42 PM EST2018-02-24 04:42:04 GMT
    A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)
    A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)A truck moves slowly Friday in Lake City as the town awaits any problems from flooding. (Source: KAIT-TV)

    Heavy rains have impacted areas throughout Northeast Arkansas while officials in Lake City said Friday they are doing fine after a much-needed break in the rain. 

    Heavy rains have impacted areas throughout Northeast Arkansas while officials in Lake City said Friday they are doing fine after a much-needed break in the rain. 

  • Father reunited with son's stolen ashes

    Father reunited with son's stolen ashes

    Friday, February 23 2018 11:35 PM EST2018-02-24 04:35:16 GMT
    Friday, February 23 2018 11:40 PM EST2018-02-24 04:40:20 GMT
    (Source: KAIT)(Source: KAIT)
    (Source: KAIT)(Source: KAIT)

    The Peevey family can now rest after two people confessed to destroying their loved one’s final resting place and stealing his ashes.

    The Peevey family can now rest after two people confessed to destroying their loved one’s final resting place and stealing his ashes.

  • A Family for Me: Alex

    A Family for Me: Alex

    Friday, February 23 2018 9:08 PM EST2018-02-24 02:08:56 GMT
    Friday, February 23 2018 10:49 PM EST2018-02-24 03:49:43 GMT
    10-year-old Alex is looking for a home. (Source: KAIT-TV)10-year-old Alex is looking for a home. (Source: KAIT-TV)
    10-year-old Alex is looking for a home. (Source: KAIT-TV)10-year-old Alex is looking for a home. (Source: KAIT-TV)

    This week, Region 8 News' Ryan Vaughan had the opportunity to talk with 10-year-old Alex. 

    This week, Region 8 News' Ryan Vaughan had the opportunity to talk with 10-year-old Alex. 

Powered by Frankly