As reported in the Janesville Gazette, they started negotiations on their own to purchase the privately owned old Janesville Tennis Club building near Target on the city's North side.In what can be only mildly described as just another chapter in Janesville's long-running ice arena soap opera, the fundraising group involved in foisting a new ice arena on Janesville taxpayers have essentially and defiantly thumbed their noses at the city council's outrageously generous offer of $2 million and free land in an industrial park off Beloit Avenue on the city's far south side.
The private fundraising group (donors? investors?), acknowledging they are unable to meet the Dec. 31st deadline to raise $2 million in matching funds, appear to be reshaping a new proposal with new math unilaterally through the media as news of this latest ploy by the group broke first in the fund-raising friendly Gazette.
Although a new arena is viewed as a fiscal boondoggle by many, including myself, some still think a new arena has the potential to make money to offset the city's subsidy. When in truth the facility, if privately owned, would likely not even cover it's own property taxes.