Everyone here is saying.....knock it down, build a park, expropriate it, etc.
but at the end of the day no one is saying, exchange some of that waterfront land to the city, for no height limits on the adjacent convention centre lot?
When someone pays 400 million, that's what it may take, ...haha you cant have your cake and eat it too
Again with this insanity. What cake? The city doesn't own the property. It's up to the purchaser to figure out if there's value in paying $400 million. You're suggesting letting developers do whatever they want. Development charges aren't free money. They are there to pay for infrastructure/ service upgrades with costs increases exponentially at higher densities. There's also a limit to how high a private developer will build even if the zoning has no height limit. There's only room for one tower on the convention centre site. It's simply not enough.