The major problems with this building were created by:
1) The decision to build it around a functioning parkade
2) PenEquity's intention to never spend a penny more than necessary to get this building to function for time enough to sell it and turn a profit. They did the same with the Olympic Spirit Centre.
I would hate to see this become a hole in the ground again, specially now that the area is beginning to feel complete with the Eastern edge finally gaining an attractive use (CityTV) and AMC and FutureShop attracting a good crowd into the building.
While it may seem that renovating the building may cost more than demolishing it and restarting from scratch, there is a lot of money hidden in the details. A new owner would have to buy out the leases of all the tenants who invested vast sums of cash in their spaces -- especially AMC, the restaurants, FutureShop, Adidas, Shoppers Drugmart, and Extreme Fitness. Demolishing is NOT an option for atleast 10 to 20 years (whatever AMC's lease is).