You are entirely correct about the extortion business.
The big display case in the lobby that contained Calvin's memorabilia (jerseys, photos, autographed stuff, basketballs, etc.) was removed. I won't take a poll about the feelings in the community about Calvin Murphy Way so I would alter my verbiage to say "many" citizens rather than "most."
The sadness results from Calvin's former stature as a genuine local hero being reduced in an embarrassing way because of his apparent inability to deal responsibly with the amorous advances of many young groupies, a challenge shared by a great many sports figures.
I hasten to mention that this is a cultural issue, not a racial one.