I have to say I couldn't disagree more with the report for about a million reasons. But here are some that immediately come to mind:
The report says its worried about the height of the proposal damaging the heritage/warehouse district in King-Spadina.. the same planning district where either City Council or the OMB approved Festival Tower, 56 Blue Jays, M5V, Charlie, 300 Front and others. The report may have more of a point for those four blocks but seriously I mean were talking about a site not only located in the downtown but immediately adjacent to the financial district. And even if we are talking about those four blocks, Festival Tower was approved for a site immediately adjacent to the area. This is not over-development.
I also fail to see why a 45 storey tower is so damaging to its surrounding context purely because of its height. If we're talking about impact at street level (which is what matters when we're talking about low rise heritage buildings), there is absolutely no difference between a 20-storey, 45 storey or 100 storey tower. There are plenty of examples of areas where height and low rise heritage buildings can co-exist.
I'm all for the preservation of heritage resources, but there is absolutely no reason why this means a parking lot adjacent to heritage buildings needs to remain frozen in time.