I've lived downtown for 25 years and I can't imagine living anywhere else. It's certainly not for everyone but it sure works for me. Like most people who have lived centrally, I've seen many crazy things, sad things, horrific things and frightening things but that comes with living in a densely populated area. I got nailed in my elevator for my money three years ago, I've had 4 of my bikes stolen, a group of kids tried to forcibly take my dog from me one night, I've had a gun put to me once at my job... that's life in the city.
I focus on, and enjoy, all the great things that come with living in the centre of this great city. I gave up my car 15 years ago which buys me a month in Mexico each year in the grip of winter. I walk or cycle most everywhere I go and the TTC gets me to points further beyond quite efficiently. I can get most anything I need within a 15 minute walk and I've got a million dollar view of the city & lake, which I love. I live in a vibrant and fun neighborhood which is friendly and is reasonably safe.
Crime has increased over the years, but that's a citywide problem. I can't say downtown is any less safe now, in fact I'd say I feel as comfortable today as I did in the early 80's. Perhaps more so.
The bottom line is, generally we choose to live in a place that draws us to the local elements. A new developing neighborhood, an established neighborhood, a rural area, small town, a downtown area or a suburban area - each of us has criteria for what we need and desire around our home for ourselves and family.
Me, I don't feel let down. I watch with anticipation as the city grows, evolves and gets better & better.
I think that "Zanta" exemplifies all that is wonderfully quirky and unique about downtown Toronto.