How can an assett become a liability?

I may just be the dumbest person in the entire world, but I just can not figure out how beautiful Bayfront property located close to a marina is being treated as a liability by this city. How can a nice chunk of land, downtown, on the Bayfront, not be worth a whole lot of money? That they even considered the concept of going out and paying the very people who are considering getting the land and negotiate it's disposition is ludicrous!

Yes, the Memorial Coliseum building itself needs work. I have not seen it from the inside, but it does not look that bad on the outside. Maybe it is completely shot and should be torn down, if so, I am not sure how the brave and wise City Council and our esteemed Mayor (who either does or does not have a conflict of interest!) figure that doing so would cost $2,000,000. That's a lot of money, unless it is not their money, but taxpayer funds for which we just do not care! Has the city done anything to consider creative alternatives for this? Maybe they can blow it up in some Hollywood movie? Maybe we can sell the building - so that someone can tear it down and sell the bricks and other materials, for salvage?

Are we so sure that the city does not have the workers and equipment at it's beck and call to do the work themselves? I see a whole lot of them standing around when the city workers are suppossed to be doing maintenance work! Maybe they just have to rest up before sucking down their fat retirement pensions! Also do we, or do we not, pay for a bunch of City Engineers, who presumably should be able to figure out how to teardown a building. Anyway, I do not understand why our highly paid city workers can't do it themselves, if it must be torn down. At least we would not have to go into a greater spending deficit!

Once the building is torn down, what to do with the space? Just plant grass, or trees and just let it be. If you take a drive down Ocean you see lots of shoreline lots for sale, and not one of them under $300,000. Not to mention that they are a pretty small by comparison and not as nice. Eventually they will all be sold and then we will still have a nice piece of land overlooking the ocean. Maybe a couple of years from now we might get some competent leadership who can figure out that assets are not liabilities.

Have a wonderful day and please just think a little bit before throwing our hard earned tax money down the toilet.