Amarillo’s brand new City Council is going to make an announcement Wednesday.

I am waiting with bated breath.

The council members might have some big news to share regarding the future of the city’s effort to remake, reshape, revive and re-create its downtown business/entertainment district.

That long-awaited multipurpose event venue might be coming closer to reality.

The city’s Local Government Corporation has been negotiating with San Antonio business officials about how to relocate that city’s Double A baseball franchise to Amarillo. The LGC has made it clear that it wouldn’t proceed with MPEV construction until it strikes a deal with some franchise to occupy the venue.

I am acutely aware that a number of soreheads are going to gripe about it. They complain about the escalating cost of the ballpark. Amarillo voters approved a non-binding referendum in November 2015; the MPEV cost was listed at $32 million on the ballot measure. The price tag has escalated to around $45 million.

My own hope is that the price of the ballpark doesn’t go much greater than its current level.

The council, though, has taken great strides already in the redevelopment of the downtown district. That five-star hotel is nearing completion; we’ve seen that parking garage go up.

Amarillo doesn’t have any kind of organized baseball activity occurring this spring and summer, which I am sure upsets the city’s baseball fan base. The MPEV, though, would play host to a number of other activities, which would jazz up the nightlife in the city’s long-slumbering central district.

My hopes have gone up, slumped, gone up again and then receded. As of this moment, I am once again cautiously optimistic we are going to get some good news.