It's just a simple case of 'foreshadowing.' Often in stories we'll drop a hint of what's to come later in the plot. When they say he'll become a folk hero that was already starting to happen in the series and was obviously where they intended to go with it.
As for saying it was the last we'll see of him, that was irony, it was just a little joke that the audience was in on.
If I remember rightly, after he says it, we hear the bike roar?
Discuss the pilot episode of Street Hawk
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