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>>

  • City frustrated with inconsistent mailing service

    City frustrated with inconsistent mailing service

    Tuesday, December 12 2017 11:23 PM EST2017-12-13 04:23:40 GMT
    Wednesday, December 13 2017 9:03 AM EST2017-12-13 14:03:57 GMT
    (Source: KAIT)(Source: KAIT)

    For months the city of Hoxie has dealt with inconsistent mailing services with the U.S. Postal service in town.

    For months the city of Hoxie has dealt with inconsistent mailing services with the U.S. Postal service in town.

  • Soldier surprises kids at school

    Soldier surprises kids at school

    Tuesday, December 12 2017 10:15 PM EST2017-12-13 03:15:06 GMT
    Wednesday, December 13 2017 9:02 AM EST2017-12-13 14:02:34 GMT
    (Source: Poplar Bluff Middle School via Facebook)(Source: Poplar Bluff Middle School via Facebook)

    A soldier in the Missouri Army National Guard surprised his fifth grader during an assembly on Dec. 8 in Poplar Bluff.

    A soldier in the Missouri Army National Guard surprised his fifth grader during an assembly on Dec. 8 in Poplar Bluff.

  • A-State Chancellor surprises graduate student who couldn't attend ceremony

    A-State Chancellor surprises graduate student who couldn't attend ceremony

    Tuesday, December 12 2017 10:23 PM EST2017-12-13 03:23:22 GMT
    Wednesday, December 13 2017 8:59 AM EST2017-12-13 13:59:51 GMT
    (Source: Arkansas State University via Facebook)(Source: Arkansas State University via Facebook)

    One student at Arkansas State University couldn't attend the graduation ceremony over the weekend, so Dr. Kelly Damphousse made a special delivery Tuesday.

    One student at Arkansas State University couldn't attend the graduation ceremony over the weekend, so Dr. Kelly Damphousse made a special delivery Tuesday.

Powered by Frankly