midlevel, the city had few corporations in the area willing to pay the $100,000-plus a year lease rates. The revenues brought in by the changes likely would not be enough to cover mortgage payments on money that would have to be borrowed to pay for the renovation. Also, at the time, the city still owed $40 million on the original construction of the building. Beginning around 2000, the Magic began to push the City of Orlando for a brand new arena, replacing the TD Waterhouse Centre. Since the city, as well as Orange County, were not keen on picking up the tab for a second facility in a little over a decade, the Magic stated they would contribute to the cost of building it. They did not, however, say how much. They also indicated they expected public dollars to be used, too. Discussions became contentious in 2001, as the team threatened to look elsewhere if Orlando would not build a new arena, or contribute a significant amount to a renovation. At the time, the team was losing $8 million annually. Magic President Bob Vander Weide stated, "If we can't break even in the long term and we can't stay competitive, maybe this isn't the best place for us." The Magic outlined where an arena should be built, the potential cost, what type of tax should pay for it and what could be done with the existing building once it was abandoned by the team. In a meeting with county and city officials, team owner DeVos said he was seeking $200 million in public money, including $121.5 million from the tourist tax collected by the county, $50 million from the city of Orlando and $28.5 million from the state. Officials were staunchly opposed. Any plans for renovation or replacement relied on tourist-tax revenue, and after the terrorist attacks of 9/11, the numbers of tourists in the area declined sharply. Then-Orlando Mayor Glenda Hood and Orange County Mayor Rich Crotty were close to a deal for a major renovation, but talks were broken off for several years due to the sagging tourist tax dollars. At the grand opening of the Amway Center on October 1, 2010, Crotty remarked "When I look around this building, I think to myself, 'Boy, am I glad that didn't work.' Sometimes good comes out of bad." Successor arena and demolition On September 29, 2006, the City of