As far as renovation, it's hard to polish a turd!
If they are gonna sink that kinda money into a project at least do it in a part of town that people feel safe going to.
I hear ya. Suppose to renovate from ground up. Maybe it's just me, but I did not feel unsafe in that area. Games always in the day time. I parked fairly close, so maybe that helps. If you park farther away, then yes, there are questionable areas to walk through.
I think that area will be totally different in 10 or more years. Developers are buying up property from downtown to the bowl. Unfortunately, it will be slow.