Quote Originally Posted by esp1986 View Post
I think we are all in the same boat you are... it seems that the building may escape the footprint of a new arena, although a parking garage would be another factor... apparently the owner is trying to redevelop it, but with no takers. In recent years, I believe it has received a new roof and windows, and it isn't in terrible condition inside...I think this is an attempt to make it actively look like there are plans for the building...

If the owner is "trying" to redevelop it, and fixing it up, he could have an arbitration case or demand a higher payment if/when emminent domain may be used to secure land for a new arena. So if he makes it look like something is going on, he can probably get more money out of the deal, regardless of whether or not he actually desires to do anything with it.
I thought someone had said the plans was to put billboards atop it and the eye-searing white was to draw attention to the building [[and therefore its billboards)? Maybe that was just speculation.